Demand from prospective buyer’s increases in April according to NAEA Propertymark.
Latest NAEA Propertymark Housing Report – April 2018 headlines ‘Housing Market Swings Back In The Favour Of Sellers’.
The report reveals that demand from prospective buyers grew by nine per cent in April; on average, estate agents had 337 house-hunters registered per branch, compared to 308 in March.
Mark Hayward, Chief Executive said:
“Last month our findings indicated that we were entering what looked like a buyer’s market, but this month, the dial has swung back in the favour of sellers. With demand on the up, and the supply of available homes falling once again, buyers will find themselves facing stiff competition from other house-hunters. This is particularly difficult for FTBs who traditionally have less bargaining power on price, so will struggling to enter bidding wars with second or third steppers.
“The Government is working to improve the house buying and selling process, which is music to our ears, but until more homes are built and supply catches up with demand, the process will remain difficult.”
Read the NAEA Propertymark Housing Report – April 2018 in full click here.