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NAEA says year got off to a good start

 

The UK housing market experienced a relative increase in activity in the first month of 2011, the National Association of Estate Agents reported this morning.

NAEA members reported a rise in demand amongst house hunters and an improvement in the number of offers from sellers. The number of registered house-hunters reached the highest level in six months, from an average 227 in December to 252 in January.

Housing stock availability grew from an average of 64 per estate agency branch in December to an average of 69 in January.

House sales during January also rose, increasing from an average of four sales per branch to six, the NAEA claimed.

However, the percentage of first-time buyers slipped by 1% to 24%.

Despite the mostly up-beat report, not all NAEA members appeared happy.

In Suffolk, Colin Girling said that January got off to “an extremely slow start” with a slight improvement by the end of the month. He blamed the media, saying it should deal in facts, not sensationalism.

In the home counties, Chris Bolton King said agents were also annoyed by the media, whose mixed reports were confusing the public and making them wary of committing to the market.

In Surrey, James Wyatt said that house sales in the county “are dead in the water”.

 

 


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