De­mand drops off in hous­ing mar­ket

Yorkshire Post - Property - - FRONT PAGE -

THE hous­ing mar­ket showed signs of an­other slow­down last month as de­mand for prop­erty de­clined, ac­cord­ing to es­tate agents.

The Na­tional As­so­ci­a­tion of Es­tate Agents (NAEA) mar­ket re­port for April shows that home buy­ing ac­tiv­ity fell, with only a slight rise in the sup­ply of hous­ing.

Only an av­er­age 294 house­hunters reg­is­tered with an es­tate agent in April com­pared to 297 in March. This com­pares to 348 on av­er­age five years ago.

The num­ber of homes on the mar­ket in­creased by just one per branch, from an av­er­age of 61 homes in March to 62 in April.

The NAEA blames re­stric­tive lend­ing poli­cies from the ma­jor banks and lack of sup­port the first-time buyer mar­ket.

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