Estate agents would welcome changes to buying and selling process according to naea | propertymark

The latest Monthly UK Housing Report – September 2017 from naea|propertymark reveals that:  In September, supply and demand for housing was up, but sales agreed remained flat, as eight in 10 estate agents argued that the home-buying process is outdated. Sales to first-time buyers (FTBs) remained the same as the previous two months, as well as sales.

The report mentions: The number of properties available to buy on estate agents’ books increased from 37 in August, to 41 in September,  – the highest number recorded since March this year.

Mark Hayward, chief executive said: “The Government’s announcement last weekend that it will consult to reform the home-buying process couldn’t come soon enough, and we welcome it. Our findings show that estate agents agree, and would welcome changes to ensure that the process for buying and selling is brought into the twenty first century. The current prolonged process means that sales are stagnating despite the fact that the supply of housing is up, and there is growing demand. Hopefully we will see activity pick up marginally in the short term, when properties which are being marketed now are taken off the market and pushed through, so buyers can be in before Christmas.”

Read the latest naea|propertymark Monthly UK Housing Report – September 2017 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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