House hunter num­bers de­cline

Yorkshire Post - Property - - PROPERTY -

Sales re­mained static across the prop­erty mar­ket in Septem­ber, de­spite the num­ber of house hunters fall­ing for the sec­ond month.

The Na­tional As­so­ci­a­tion of Es­tate Agents’ mar­ket re­port for Septem­ber showed a slight de­crease in the num­ber of house hunters reg­is­ter­ing with an agent across the coun­try. The fig­ure de­clined from 250 in Au­gust to 247 in Septem­ber as an av­er­age per branch.

The num­ber of houses avail­able for sale rose from 69 per branch in Au­gust to 72 in Septem­ber while the num­ber of sales stayed at seven per branch on av­er­age. The per­cent­age of sales made to first-time buy­ers dropped from 21 per cent in Au­gust to 20 per cent in Septem­ber, sug­gest­ing that this group con­tin­ues to en­counter dif­fi­culty in ob­tain­ing a mort­gage.

NAEA pres­i­dent Michael Jones said: “The drop in the num­ber of first-time buy­ers is still a con­cern. As­sist­ing the first-time buy­ers’ mar­ket is im­per­a­tive if we are to strengthen the hous­ing in­dus­try. This means the banks have to be­come less re­stric­tive in their lend­ing poli­cies.”

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