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Figure 1: Demand for properties in December since 2003
Figure 2: Sales made to FTBs in December since 2001
Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the findings: “In November we saw a seasonal slowdown; typically it’s uncommon for people to buy and move close to Christmas. Yet, our December findings have completely bucked this seasonal trend. With demand at an all-time December high and sales to FTBs at their highest on record, 2016 closed on a positive note following several months of uncertainty. However, despite an encouraging December, there remains a clear shortage of homes. We await the government’s housing white paper to see how it intends to tackle this and hope the market continues to improve for both buyers and sellers.”
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