Demand rose while supply of available housing dropped in June according to naea / propertymark

July 26, 2017

naea / propertymark latest Monthly UK Housing Report – June 2017.

Demand rose while the supply of available housing dropped in June.

The number of properties sold to first-time buyers increased.

Only two per cent of properties sold for more than the original asking price.

Mark Hayward said: “In May, we saw a period of political uncertainty, with new buyers stalling their house search until after the election. In June however, it seems the market has bounced back, with the number of house hunters rising.

“Although we have seen a decrease in the number of houses available per branch, we have seen a rise in the number of sales – which is typical of this time of year as buyers and sellers push through their property transactions ahead of the quieter summer months.”

Read the latest naea / propertymark Monthly UK Housing Report 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.

You May Also Enjoy

Breaking News

New Housing Secretary must focus on delivery, says FMB

The appointment of Steve Reed MP as Secretary of State for Housing, Communities and Local Government, following the resignation of Angela Rayner MP, must signal the start of a new drive for delivery of the Government’s stated target to build 1.5 million new homes, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive…
Read More →
Breaking News

Industry Response to the Resignation of Angela Rayner

Lawrence Turner, Director of Boyer said: “Angela Rayner’s planning reforms rightly acknowledged the scale of the Housing Crisis and the urgent need for bold, decisive action. Her resignation must not become an excuse for delay. The new Secretary of State now bears the responsibility to continue to unlock delivery and work to win the support…
Read More →
Breaking News

Halifax figures show third consecutive month of growth – Thoughts from the Industry

The latest Halifax House Price Index for August shows that: –   On a monthly basis, house prices increased by 0/3% in August. This was the third consecutive monthly increase seen. House prices were also up 2.2% on an annual basis although this annual rate of growth had cooled from the 2.5% seen in July.…
Read More →
Breaking News

House prices continue to rise at a steady pace

• House prices increased by +0.3% in August, marking a third consecutive monthly rise • Average property price now £299,331, edging up to a new record high • Annual rate of growth eases slightly to +2.2% (down from +2.5% in July) • Average price paid by first-time buyers falls slightly as affordability improves • Northern…
Read More →
Estate Agent Talk

From offer to ownership: The risk of celebrating your mortgage too soon

Securing a mortgage is a major milestone, but celebrating too soon can lead to costly mistakes. Louise Ainley, a qualified conveyancer at licensed conveyancer course provider Access Law Online, explains the important steps to take after your mortgage is approved for new homeowners to avoid delays, protect their investment, and for a smooth transition to…
Read More →
Rightmove logo
Breaking News

New record rent across Great Britain as landlords brace for Renters’ Rights Bill and potential tax changes

The average advertised rent across Great Britain has risen to a new record in August of £1,577 per calendar month Average advertised rents are now 3% higher than at this time last year, in line with Rightmove’s prediction for the year, with constrained supply contributing to rising rents: The number of available homes to rent…
Read More →