House hunting on the increase
THE number of house hunters has reached its highest level since May 2007 as the supply of properties falls to a six-year low, according to the National Association of Estate Agents.
Figures from the NAEA December Housing Market Report show a 14.4 per cent increase in the number of house hunters registering with agents.
However, the supply of properties declined for the third consecutive month
Jan Hytch, President of NAEA, says: “The increase in house hunters during December was a welcome surprise at a time where agents usually expect activity to slow down. The multiple media reports predicting price increases in 2014 could have played a part as buyers tried beat the rush.”