|First time buyer (FTB) sales were strong in June and July, standing at 29 and 30 per cent respectively, however, they fell in August with just 20 per cent of sales made to the group. This is the lowest figure recorded since August 2015 when 20 per cent of sales were also made.|
Demand for housing
The number of house hunters registered per branch, rose by six per cent month-on-month, from 303 in July to 320 in August. Year-on-year, however, demand is down seven per cent, as there were 343 prospective house hunters registered on estate agents’ books in August 2017.
Supply of properties and sales agreed
Properties available to buy fell for the first time since April, from 41 per branch in July to 40 in August. With the number of sales agreed per branch increased marginally in August – from eight to nine.