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NAEA – ‘Buyers a-plenty out there’

The average branch sold 10 properties, a 30 per cent increase on the same time last year and double that sold on average in August 2008. Gary Smith, President of the NAEA, said: “This is really good news for the housing market and the UK economy in general.

“NAEA members are showing that there are buyers a-plenty out there. More often than not these are also potential sellers who are at the beginning of the process – so there is bound to be a lag which creates a shortage of properties in the short term.

“With mortgage interest rates at historically low levels and prices now far more realistic than in previous years, home ownership in the UK seems to be set to lead the way out of the recession.”

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