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PropertyIndex.com Forums » General UK Buying and Letting » House Prices » Property sales highest in 18 months

Property sales highest in 18 months Options
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DanAronG
Posted: Wednesday, May 20, 2009 1:55:04 PM
Rank: Advanced Member

Joined: 11/12/2008
Posts: 90
Location: Cornwall
Latest figured from the National Association of Estate Agents (NAEA) show that estate agents sold on average 10 properties in April, up from 8 in March and the highest level in 18 months.

Chief Executive of NAEA Peter Bolton King comments "What we are beginning to see now are consistent positive indicators that have held firm or improved since the beginning of the year…. These figures show that (market) confidence is returning"

Other interesting facts from the NAEA Housing Market Survey include that the average selling price across all house types in April was 6.2% lower than the asking price and the average number of properties available for sale increased from 67 in March to 76 in April.

FT Award winning Independent mortgage broker
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Sponsor
Posted: Wednesday, May 20, 2009 1:55:04 PM
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Editor
Posted: Thursday, May 21, 2009 9:56:31 AM
Rank: Administration

Joined: 7/1/2008
Posts: 190
In similar news, PropertyIndex.com experienced a record month in April, confirming a renewed confidence in the market, by signing up over 1,000 new UK and overseas agents and 15 new distribution partners. The highest monthly visitor numbers to date were also recorded last month, up 22% on March figures.

Read our full press release here:

http://www.propertyindex.com/www/aboutus/press/downloads/PressRelease_RecordMonth_May2009.pdf
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DanAronG
Posted: Friday, July 24, 2009 2:12:05 PM
Rank: Advanced Member

Joined: 11/12/2008
Posts: 90
Location: Cornwall
The above, combined with the news from the BBA that mortgage approvals are up and gross & net mortgage lending is up, are all good signs for the housing market.

Also, the chancellor is meeting several high street banks next week in an effort to urge further mortgage lending.

That said, there is still commentry from experts expressing the view that property is still overpriced with expectations of further price drops. I suppose only time will tell.
FT Award winning Independent mortgage broker
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