11:27 AM, 27th June 2018, About 3 years ago
NAEA Propertymark is issuing its May Housing Report and Mark Hayward, Chief Executive, said:
“We see this every year. House hunters desperate to get their offer accepted, and sellers on a mission to find suitable buyers, flock the market in May. They’re hoping to get everything tied up so they can enjoy their summer holidays without worrying about viewings. But those willing to be more flexible might do well to hold off until the market’s quieter in July and August.
“Not everyone heads abroad over the summer, with lots of people opting for winter sun instead, so while the market is undoubtedly quieter, competition is a little less intense, which might better suit some buyers and sellers.”
Supply of properties
Demand for housing
Sales to first-time buyers (FTBs) and sales per branch
Year on year, the number of sales agreed is down from 10 in May 2017, while the percentage of those which were made to FTBs is also down from 26% last year.
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