FTB’s take advantage of dip in demand according to NAEA Propertymark

August 31, 2018

Latest NAEA Propertymark Housing Report – July 2018 revealed tha the supply of properties available to buy increased in July, while demand fell.

First Time Buyers took advantage of these market conditions, and almost a third  of all sales were made to the group in July, according to the housing report from NAEA Propertymark.

Mark Hayward, Chief Executive said:

“What we saw in July was typical of the summer. House hunters put their plans on hold as the holiday season takes priority, and demand dips as a result. We don’t usually see FTBs taking advantage of this environment and pushing to agree sales while sellers are on the back-foot. In September, buyers typically storm the market in a bid to complete sales in time for Christmas, so FTBs should make the most of the slower market while they can.”

Read the NAEA Propertymark Housing Report – July 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.

You May Also Enjoy

Breaking News

95% of estate agents say homebuying reforms could speed up property transactions

The latest survey by GetAgent.co.uk has found overwhelming support from estate agents for the Government’s proposed homebuying reforms, with the vast majority believing the changes will create a faster, more stable and more efficient property market. The proposed reforms are designed to modernise the homebuying process by introducing greater upfront information, earlier legal certainty and measures…
Read More →
Breaking News

Private rent and house prices, UK: July 2026

1. Main points Average UK monthly private rent increased by 3.3%, to £1,388, in the 12 months to June 2026 (provisional estimate); this annual growth rate remained unchanged from the 12 months to May 2026. Average rents increased to £1,446 (3.4%) in England, £843 (4.9%) in Wales, and £1,012 (1.3%) in Scotland, in the 12 months…
Read More →
what is happening to house prices
Breaking News

Tenant demand continues to strengthen in Q2

The latest research by The Letting Partnership has found that tenant demand across England continued to strengthen during the second quarter of 2026, with 29.7% of all rental listings already securing a tenant. Demand has increased by 2.3% over the quarter and now sits 0.3% higher than the same time last year, demonstrating the continued…
Read More →
Breaking News

Breaking Property News 22/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.     More kite flying on capping rents creates new uncertainty for investors Official data undermines rent cap folly as Burnham yo-yoing creates damaging market uncertainty More kite flying on capping rents has created new uncertainty for investors at the worst possible time. Analysis of…
Read More →
Estate Agent Talk

Conveyancing keeps providing stability in uncertain market

New research from Lyons Bowe solicitors has found that conveyancing costs have remained remarkably steady as a proportion of house prices across the UK, providing essential reliability for homebuyers during another year of market and economic uncertainty. Lyons Bowe’s analysis found that the average cost of purchasing a freehold property increased from £1,383 in April 2025…
Read More →
Rightmove logo
Breaking News

Political uncertainty adds to the many distractions for summer buyers

The average asking price of newly-listed homes for sale drops by 1.0% (-£3,832) this month to £372,359, substantially larger than the average July drop over the last ten years of 0.2%, as new sellers try to tempt summer buyers who are facing many distractions: Number of available homes for sale is 1% below this time…
Read More →