POLITICAL UNCERTAINTY LEAVES HOUSING MARKET IN LIMBO

NAEA October Housing market report :

  • The number of prospective buyers and the supply of available housing fell
  • The number of sales agreed remained the same whilst sales to FTBs decreased

Supply of available properties

  • The number of properties available per member branch fell in October, from 40 in September to 39, the lowest amount seen since June
  • Year-on-year, the supply of housing is down, falling from 40 in October 2018.

House Hunters

Figure 1: Supply of available properties per branch

Demand for housing

  • The number of house hunters registered per estate agent branch decreased in September, from 433 to 387
  • Year-on-year, housing demand is up, rising from 338 house hunters per branch in September 2018.

Sales to FTBs

  • The number of sales made to FTBs decreased in October, to 27 per cent from 30 per cent in September
  • Year-on-year, this is an increase of four percentage points from October 2018 when it stood at 23 per cent.

Sales agreed

  • The number of sales agreed per member branch remained at eight in October.
By | 2019-11-27T21:16:06+00:00 November 27th, 2019|Categories: Buying, Sales, Selling|0 Comments

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