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Number of house hunters up 22 per cent in January

Wednesday 26 February 2020

January's Housing Report suggests that year-on-year, the number of prospective buyers has increased by more than a quarter since January 2019, while supply of available housing fell.

The number of house hunters registered per estate agent branch increased, rising from 313 to 382. This is the highest figure seen since September 2019 when there were 387 prospective buyers registered.

Supply and Demand 

The number of house hunters registered per estate agent branch increased in January, rising by more than a fifth (22 per cent) from 313 to 382. This is the highest figure seen since September 2019 when there were 387 prospective buyers registered. Year-on-year, housing demand is up by more than a quarter (29 per cent), increasing from 297 house hunters per branch in January 2019.

The number of properties available per member branch fell from 41 in December, to 38 in January. This is the lowest seen since June 2019 when it stood at 37
Year-on-year, the supply of housing is up, rising marginally from 36 in January 2019.

Sales agreed

The number of sales agreed per member branch rose by a third, from six in December to eight in January. Year-on-year, the number of sales agreed has also increased by a third, from seven sales agreed in both January 2018 and January 2019

First-time buyers

In January, the number of sales made to FTBs remained the same at 29 per cent. Year-on-year, this is an increase of three percentage points from January 2019 when the number of sales made to the group stood at 26 per cent.

Read the full report

Quote mark

It’s positive to see the New Year has brought some much-needed confidence to the market, with a significant increase in demand from house hunters following the General Election result.

As the Spring Budget fast approaches, we hope to see housing as a priority for the new Chancellor. A clear strategy is needed to tackle key issues such as stamp duty costs, which needs to be addressed in its entirety to encourage more frequent moves, improve affordability and relax punitive financial tax on home movers.

Phil Keddie

Mark Hayward
NAEA Propertymark Chief Executive