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Housing Market Report for December released

Tuesday 24 January 2017

Our housing market report for December show that Housebuyers and first time buyer sales buck the usual seasonal trends.

The result form our most survey from members shows that the number of prospective buyers registered per branch last month was the highest in 13 years for the month of December.

A third of sales (32 per cent) were made to first time buyers, the highest number for the month of December since 2001 when the same percentage was recorded.

Commenting on the results of the report, Mark Hayward said: “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.”

To read the full results and our past reports please visit our housing market reports page.