Estate agents record surge in property inquiries

The figure rose from 268 in February to 290 in March as an average per branch – its highest level in eight months.

The number of houses available for sale decreased slightly from 70 per branch in February to 68 in March while the number of sales remained the same with eight per branch on average.

The percentage of sales made to first-time buyers decreased slightly, moving from 25% of the market share to 23%, however this figure is still in line with the year-on-year average.

NAEA President Michael Jones said: "We are very pleased to see that the market has remained relatively stable despite the continued economic pressures that are making life very difficult for homeowners and those looking to enter the property market.

"The significant growth in demand for homes reported by our agents suggests that house-hunters are searching for a good deal on property before the traditional spike in activity over the Easter holidays.

"That said, the picture is still very varied across the country and significant economic barriers remain.

"Although the Chancellor’s Budget last month did grant some concessions to First Time Buyers, it didn’t go far enough to assist the wider property market.

"Rather than new build projects to help people onto the housing ladder, the Government should instead be looking at ways to maximise mortgage availability."

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4 thoughts on “Estate agents record surge in property inquiries

  1. Fleur

    At last a glimmer of hope with the announcement yesterday of an economy upturn of 0.5% and hopefully the avoidance of a double-dip recession. Hopefully this will fuel further confidence into the property market, although availability of mortgages needs to be widened. Will be interesting to see what happens when the forecasted interest rate rises come into effect later this year.

  2. Braintree Estate Agent

    There must now be lots of pent up demand for getting on the housing ladder if only 1st time buyers could get the finance. At the moment the self-employed have next to no chance even if they do show good books.

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