UK housing market from NAEA Propertymark has revealed that the number of house hunters registered per estate agent branch fell last month, from 294 in October, to 282 in November. This is the lowest number of buyers recorded for the month of November since 2012, when agents registered 263.
Other Key Findings
- In November, the supply of available housing fell by 13% dropping from an average of 40 in October, to 35 per branch.
- The number of properties sold to FTBs remained at 23 per cent in November
Mark Hayward, Chief Executive, NAEA Propertymark said: “Last month it was clear that uncertainty surrounding Brexit was having an impact on the sector, and this month is no different. We usually see a seasonal slow-down, but it’s unlikely that the time of year is the sole cause of today’s market conditions. As we near the end of the year, we’d usually expect potential buyers and sellers to put their plans on hold until early next year, but it’s likely that this year we’ll just see people holding off until there’s some clarity around what the Brexit deal might look like and what it will mean for the economy.”