Despite political climate housing market still moving

Despite political climate housing market still moving

9:43 AM, 28th January 2019, About 3 years ago

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NAEA Propertymark is today issuing its December Housing Report.

Supply of available properties

As sellers continued to market their homes in December, the supply of available housing increased by a fifth (20%) from 35 in November to 42. This is the highest level seen for the month of December since 2014.

Demand for housing

In December the number of house hunters registered per estate agent branch increased by 8%, from 282 in November to 304

Year-on-year, demand is up 13%, from 268 in December 2017.

Sales to FTBs

The number of properties sold to FTBs increased marginally from 23 per cent in November to 24% last month.

Year-on-year however, the number of sales made to this group are down from 32%.

Sales agreed

The number of sales agreed per member branch fell from nine in September, eight in October, seven in November and five in December

This is in line with seasonal trends as it’s the lowest this figure has been since last December, when it was also five.

Mark Hayward, Chief Executive, NAEA Propertymark said: “This month’s findings prove that despite the current political climate, people still want to move. There is movement in the market with demand from house hunters up 13% year-on-year, and the supply of available properties also rising. Although the number of sales agreed hit a 12-month low, this is something we always see in December, with Christmas festivities typically taking priority over any plans to buy or sell.

“While many are adopting a ‘wait and see’ strategy until there’s further clarity over what Brexit might mean for the market, there is choice for those who want to buy now, and there are people on the market looking for new homes.”

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