Highest level of sales on record to first-time buyers says NAEA

Press release today from the National Association of Estate Agents (NAEA) headlines ‘Sales to first time buyers at highest level on record’.ÿ

Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the findings: _This month_s report paints a positive picture for the UK housing market. Our findings over the last few months indicated mild uncertainty immediately following Brexit _ and last month we even saw sales to FTBs fall. After shrugging off the uncertainty, we have seen an increase in supply and a rise in the number of sales to FTBS this month _ proof the market is beginning to bounce back.

_Clearly what we need now though is a clear plan as to how the Government is going to tackle the chronic shortage of homes that we are facing. During the Autumn Statement, the Chancellor announced a boost to house-building which is a start but sadly nowhere near enough. We have high hopes for the Housing White Paper as this will set the housing strategy and intent for this Government going forward._

Read the NAEA press release in full click here

 

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