Properties available to buy increased in May according to NAEA Propertymark

July 10, 2018

The latest NAEA Propertymark Housing Report – May 2018 headlines ‘Housing Market Prepares For Summer Slow-down.’

The report reveals that the number of properties available to buy increased by 12 per cent in May, as sellers anticipated a summer slow-down and raced to get offers secured.

Mark Hayward, Chief Executive said:

“We see this every year. House hunters desperate to get their offer accepted, and sellers on a mission to find suitable buyers, flock the market in May. They’re hoping to get everything tied up so they can enjoy their summer holidays without worrying about viewings. But those willing to be more flexible might do well to hold off until the market’s quieter in July and August. Not everyone heads abroad over the summer, with lots of people opting for winter sun instead, so while the market is undoubtedly quieter, competition is a little less intense, which might better suit some buyers and sellers.”

Read the NAEA Propertmark Housing Report – May 2018 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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