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NAEA: UK housing market gaining more strength - RJA Properties: Lettings Agent Manchester
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20 May 2010

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Home information packs (Hips) will be consigned to history, the Government has announced.
17 Mar 2010

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Estate agents should be subject to the same levels of regulation as letting agents, it has been been stated.
22 Jan 2010

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Thousands of Britons with holiday and retirement homes in northern Cyprus face eviction after the Court of Appeal upheld a decision that a British couple must surrender disputed land.

NAEA: UK housing market gaining more strength


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The UK housing market remained in a strong position in July compared to the previous year, despite the traditional summer dip in activity.


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July and August are traditionally some of the lower points of the year for estate agents - yet the average agent sold nine properties last month, according to new figures from the National Association of Estate Agents (NAEA).

That is compared to six the same time last year, and ten in June 2009.

More encouraging is that 22% of last month’s sales were made to first-time buyers.

The NAEA’s July market report also revealed that the number of house hunters is increasing – with 100 more people registering to look for property with each agent than at the same time last year.

On average, an agent had 292 house hunters registered in July, compared to 192 in July 2008 and 290 in June 2009.

Supply of houses remains low this year, with 59 properties available at each branch. This means that there are five registered house hunters for every property available.

NAEA President Gary Smith, said: "Estate agents expect a drop in activity over the summer months, but there is no doubt that the market is in a considerably stronger position than a year ago.

"Agents sold more in July than in any month last year. That is concrete evidence that the housing market, while not recovered, has potentially been through the worst."

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