Demand for homes fell by 20 per cent year-on-year in December.
There were 268 prospective home-owners registered per NAEA member branch, down from 333 in November.
The latest market report from the National Association of Estate Agents says that, echoing this, the number of sales agreed per agency branch fell to five – the lowest since December 2014 when there were also five agreed, and down from seven in November last year.
However, first time buyers appear to have taken advantage of the quieter month, as the percentage of sales made to the group increased to 32 per cent; this is the highest since September 2016 when it stood at 32 per cent again, and up from 27 per cent in November last year.
Meanwhile the supply of available properties remained roughly static in December, falling by just one to 33 on average per branch.
This is down 20 per cent from last December 2016 when agents were typically marketing 41 properties per branch.
The time taken between offers being accepted and exchanging contracts reduced marginally in December; four per cent of sales went through in under four weeks.
The National Association of Estate Agents says the number of sales...
Housing supply increased by 25% in July, according to the latest...
The number of sales agreed per branch has increased for the...
The latest market snapshot from the National Association of Estate Agents...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
In today's rapidly evolving property market, the focus on reducing transaction...
.png)
An exciting new collaboration between TVPN, EstateApps and Paul Long is...
By Mike Bilboe, Face For Business Buying or selling a home can...
LSL Estate Agency Franchising is home to one of the UK’s...
.png)
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment