Mike Smuts October 15, 2016 Uncategorized no responses

Homebuyer confidence hits pre-Brexit levels

The latest report from NAEA had showed that during September, demand for housing rose by 16%

Other Key Findings

  • Average number of house hunters registered per member branch increased from 287 in August, to 333
  • This is a rise of 16% and takes the number of prospective house buyers recorded up to the levels seen back in June (Post Brexit), when estate agents recorded 330 on average per branch.
  • 23% of sales were made to FTBs
  • The number of houses available to buy decreased  in September, to 40 per branch. This is a decline from 41 properties per branch recorded in August, which was the highest level seen since March this year
  • The amount of sales agreed rose by 12.5% in September to an average of nine per branch.

Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the findings: “This month’s report proves that buyer confidence is growing, which is obviously reassuring, given that we expected uncertainty following Brexit. Although supply has dropped marginally, this does not concern us as it’s still higher than the levels we saw between April and July.”