skip to main content

NAEA SAYS NATIONAL PICTURE DOESN’T TELL THE WHOLE STORY 29 / May / 2008

Following the release of the Nationwide house price index today, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), said:

“The national sales figures do not tell the whole story. We know from our members that the picture is still very regional with some areas continuing to do better than others. Indeed, our recent survey of agents records some stability returning to the market in the number of sales agreed, the number of viewings before a sale is secured and the average difference between asking and sales price.

“The issue here is consumer confidence. It is apparent from our own survey results that some people are adopting a ‘wait and see attitude’, watching the market, before making any decisions, which is affecting prices. There is no denying that the credit crunch and tighter economic factors have affected confidence in the market but it is still important to remember that the underlying factors that support the property market remain: low unemployment, historically low interest rates and a latent demand for houses.”



Get in Touch

We've got a great team that is looking to assist you. If you would like a call back to discuss anything, please get in touch.

Contact Us

Thanks for all your help and support over the last few months with helping us buy our new home.
S and S

Thank you for your time and … basically doing everything you could to help us with our move

Mr L & Miss L
Thank you for all your help. Once again it has been a pleasure to work with you all.
H and family

Thank you for all your guidance and expertise in dealing with J’s property…

Mrs F