Uncertain times slow the market
In contrast, the May Housing Market Report from the National Association of Estate Agents (NAEA) found that sales in May remained static.
The average agent sold eight properties in May and had 62 properties on its books.
President of the NAEA, Michael Jones said: “In a momentous political month, amid uncertainty over house prices it’s unsurprising people decided to keep calm and carry on. The reality is that the impact of the new coalition Government will not fully be felt for some weeks – although we are hopeful that the decision to scrap HIPs will boost the market.”