UK housing market report for September 2011
Key Findings
- The average number of house-hunters registered per branch
increased from 304 in August to 308 in September
- Number of sales agreed per branch remained the same, with an
average of 8 across August and September
- Average number of properties available for sale per branch
increased from 65 in August to 72 in September
- Percentage of First Time Buyers (FTBs) increased from 20
per cent to 22 per cent between August and September
In September, the NAEA reported increases in the level of demand
for property, number of sales to FTBs and available residential
stock.
The number of house-hunters registering with an agent increased
for a second consecutive month - from an average of 304 in August
to 308 in September. This is higher than figures recorded for the
same period last year, when the number of enquires reached
247.
Available housing stock also increased during the course of the
month, moving up from an average of 65 to 72 properties, its
highest level for three months. Despite wider economic concerns in
the European financial markets, this data indicates that UK sellers
believe they will be able to secure a sale for their property, if
reasonably priced.
First Time Buyers (FTB) also enjoyed a slightly larger share of
the overall sales market, increasing from 20 per cent in August to
22 per cent in September. However, NAEA regional executives have
reported that a lot of regional variation exists in the number of
FTBs getting onto the housing ladder.
The number of sales remained consistent with figures recorded in
August with an average of 8 made per branch. As with enquiry
levels, house sales remain slightly above average when compared
with data recorded in 2010 (September; 7).
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