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News
NAEA – SALES JUMP SHOWS CONFIDENCE IS RETURNING
31/03/2009
Estate agents reported a rise in sales in February, with each agent selling an average of eight properties over the month.
It means that the number of sales has returned to the same level as 12 months ago.
The return of first time buyers to the market, noted in January, also held firm, dropping just one percent from 25 to 24 as a percentage of total sales.
In general, the market held strong in the first two months of the year, suggesting that it has plateaued.
Chris Brown, President of the National Association of Estate Agents, said: “This sales increase is a real boost for a beleaguered market.
“It shows that the demand identified by the NAEA is slowly but surely translating into sales.
“The housing market has had a devastating year, but now prices are lower than they have been for a long time and there are bargains to be had.
“These little signs all add up to a glimmer of light at the end of what has been a long and difficult tunnel.”
It means that the number of sales has returned to the same level as 12 months ago.
The return of first time buyers to the market, noted in January, also held firm, dropping just one percent from 25 to 24 as a percentage of total sales.
In general, the market held strong in the first two months of the year, suggesting that it has plateaued.
Chris Brown, President of the National Association of Estate Agents, said: “This sales increase is a real boost for a beleaguered market.
“It shows that the demand identified by the NAEA is slowly but surely translating into sales.
“The housing market has had a devastating year, but now prices are lower than they have been for a long time and there are bargains to be had.
“These little signs all add up to a glimmer of light at the end of what has been a long and difficult tunnel.”
Other News Items:
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- Government suspends HIPs 27/05/2010
- COMMITMENT TO ABOLISH HIPS IS GREAT NEWS, BUT ACTION NEEDED NOW 18/05/2010
- NAEA: SUCCESS OF STAMP DUTY CAMPAIGN A MAJOR VICTORY FOR FIRST TIME BUYERS 24/03/2010
- OFT has failed to recognise need for regulation 26/02/2010
- NAEA REPONSE TO LATEST CML FIGURES 19/02/2010
- NAEA: RESPONSE TO CML LENDING FIGURES 26/01/2010
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- NAEA: Government must stimulate housing market to avoid ‘W’ recession 03/12/2009
- Property Experts Demand Change on Stamp Duty 19/11/2009
- NAEA Press Release following Publication of CML Figures 29/10/2009
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- SELLERS SUFFERING FROM VALUATION BLUES 26/08/2009
- NAEA: PUBLIC ANGER AT BANKS REFUSAL TO LEND 14/07/2009
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- NAEA: BUDGET MEASURES WON’T IMPACT MARKET TRENDS 27/04/2009
- NAEA: RESPONSE TO BUDGET 27/04/2009
- NAEA: HOMEOWNER SUPPORT WELCOME BUT MORE NEEDED 22/04/2009
- NAEA – HOUSING DEMAND IS UP BUT SUPPLY DOWN 26/02/2009
- First Time Buyers Finally Find Hope in the Housing Market 05/02/2009
- NAEA – FIRST POSITIVE SIGNS IN 12 MONTHS OF MISERY 28/01/2009
- NAEA WELCOMES OFT MARKET STUDY OF HOUSING MARKET 09/12/2008
- PRE BUDGET REPORT: FIRST TIME BUYERS NEEDED MORE 01/12/2008
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- NAEA – CUT RATES FURTHER AND SUSPEND STAMP DUTY 19/11/2008
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- NAEA POLL SHOWS THAT DESPITE THE RECENT BANK BAIL-OUT THE NEED FOR A CUT IN INTEREST RATES IS STILL PIVOTAL 03/11/2008
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- STEP IN THE RIGHT DIRECTION: NAEA RELIEVED AT TODAY’S INTEREST RATE DECISION 13/10/2008
- NAEA MEMBERS REPORT A MARKET SLOWDOWN AS STAMP DUTY INDECISION TAKES HOLD 23/09/2008
- NAEA URGES THE GOVERNMENT TO DO MORE IN ORDER TO RESTORE CONFIDENCE BACK INTO THE MARKET 08/09/2008
- POLL OF ESTATE AGENTS SHOWS STAMP DUTY ISSUE IS STILL CAUSING PROBLEMS IN THE MARKET 01/09/2008
- NAEA MEMBERS REPORT SHOWS SOME SIGNS OF LEVELLING OUT BUT CONSUMERS STILL LACK CONFIDENCE IN THE MARKET 19/08/2008
- HAPPY BIRTHDAY HIPS - WILL WISDOM FINALLY COME WITH AGE? 03/08/2008
- NAEA CONTINUES TO URGE THE GOVERNMENT TO HELP CONSUMERS FURTHER 01/07/2008
- NAEA MEMBERS REPORT A STABLE MARKET BUT CONTINUE TO URGE THE GOVERNMENT TO EASE THE PRESSURE 01/07/2008
- NAEA welcomes recommendations of the Carsberg Report 18/06/2008
- NAEA SAYS THERE IS A NEED TO LOOK REGIONALLY FOR A CLEAR PICTURE OF THE HOUSING MARKET 10/06/2008
- NAEA CALLS ON THE CHANCELLOR TO EASE PRESSURE IN THE HOUSING MARKET THROUGH TAX RELIEF 06/06/2008
- NAEA SAYS NATIONAL PICTURE DOESN’T TELL THE WHOLE STORY 29 / May / 2008 30/05/2008
- NAEA SAY MARKET CONTINUES TO BE STABLE 16/05/2008
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