Increase in number of house hunters
THE National Association of Estate Agents (NAEA) market report for July showed a sharp increase in the number of house-hunters registering at its branches across the UK. On average agents reported 299 people on their books for the month, up from 263 in June and the highest figure in over two years (May 2009; 299). Supply levels across the country decreased slightly with NAEA agents reporting 70 properties available per branch, down from 74 in June. This is still higher than year-on-year figures where in July 2010, only 68 were recorded.
As is usual for the time of year, sales dropped slightly from an average of nine per branch to seven.