Latest News

Easing of lockdown restrictions in Wales

29 May 2020

First Minister Mark Drakeford has today announced the latest parameters for movement in Wales. The announcement focused on allowing some social interaction but was clear that the priority is physically limiting spread. Read More...

Property sector moves into Phase One in Scotland

28 May 2020

The First Minister of Scotland, Nicola Sturgeon, has said that the conditions are there to allow Scotland to move into Phase One of its four-phase route-map out of the Coronavirus crisis from 28 May 2020. Read More...

Post pandemic plan: Managing annual leave

28 May 2020

With businesses in England looking to reopen, and those in other parts of the UK still under lockdown, agency managers may struggle to balance the annual leave needs of staff with keeping the business running both now and when offices are reopened. Read More...

Political uncertainty leaves housing market in limbo

Tuesday 26 November 2019

The number of prospective buyers and the supply of available housing both fell in October according to NAEA Propertymark's Housing Market Report.

The report shows both supply and demand falling, with sales to first-time buyers also decreasing.

Supply and demand

Year-on-year, the supply of housing is down, falling from 40 in October 2018. The number of properties available per member branch fell in October, from 40 in September to 39, the lowest amount seen since June. The number of house hunters registered per estate agent branch decreased by 12 per cent in October, from 387 to 341. Year-on-year, housing demand is up, rising from 294 house hunters per branch in October 2018.

First-time Buyers

The number of sales made to first time buyers 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.

Quote mark

'Brexit is undoubtedly causing uncertainty in the housing market, which in turn affects sentiment and decision-making. On top of both a Brexit deadline and a looming general election, we’re also entering a quieter period seasonally, where we typically see the market slow down as people put their moving plans on hold until the New Year. Once the General Election has passed, and there’s clarity on how and when we’ll be leaving the EU, we hope there will be a degree of certainty which may trigger a flurry of activity in the New Year.'

Lauren Scott

Mark Hayward
NAEA Propertymark Chief Executive

 

Read the full report