HIGHEST NUMBER OF DECEMBER SALES TO FIRST TIME BUYERS SINCE 2001 SAYS NAEA

The National Association of Estate Agents (NAEA) have released their Monthly UK Housing Market report for December 2016.

In the report they state: Number of prospective buyers registered per branch last month was the highest in 13 years for the month of December and record December sales to first time buyers (FTBs) since 2001.

The number of properties available to buy on estate agents books in December was 41, up slightly on November when there were 39.

Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments: “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.”

Via: https://estateagentnetworking.co.uk/highest-number-december-sales-ftbs-since-2001-says-naea/

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