Positive signs for property market
THERE were signs of improvement in the pipeline for the housing market last month, according to Countrywide.
However, sales were four per cent lower than in February last year. There were more inquiries from buyers and tenants, while mortgage applications also increased.
Property viewings increased by 40 per cent across Countrywide’s 1,300 estate agency and lettings offices. The number of sales agreed also rose 47 per cent in February, compared with January.
Despite a marginal increase in the number of properties available to rent last month, lack of supply remained an area of concern. Tenant demand jumped by 11 per cent.