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.

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