NAEA Housing Market Report

The National Association of Estate Agents have released their Housing Market Report for April, in the report it confirms that approximately a quarter of sales were made to first time buyers, that is good news, however 74% of estate agents do not see supply and demand levelling out over the next 5 years, 92% of estate agents see the recent election results as a positive for the housing market.

Mark Hayward, managing director, National Association of Estate Agents (NAEA) reportedly said: “The market is notoriously tough for first time buyers; house prices continue to increase and lenders have tight and restrictive lending criteria. Whilst this month’s figures are positive and a step in the right direction, I’d like to think that with the help of 200,000 new starter homes and the Help to Buy ISA, FTBs will be given even more help to get their foot on the ladder; however these things may take time to come to fruition.”

 

 

Allen Walkey

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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