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