Number of sales agreed reaching a ten year high in February says NAEA Propertymark

April 12, 2017

The  NAEA Propertymark Monthly UK Housing Report – February 2017 headlines ‘Number of House Sales Agreed Reaches Ten Year High”.

The report highlighted: Sales to first-time-buyers dipped in February and supply of available housing increased while demand remained the same.

The number of sales agreed rose to a 10 year high in February, to 11 per branch, 74% of sales in February were below the original asking price.

Mark Hayward, Chief Executive, NAEA Propertymark said: “The number of sales agreed reaching a 10 year high indicates the housing market is moving in the right direction. However, FTBs need to be a priority – the number of sales made to the group dipped in February when it should be growing.  As house prices continue to rise, the market’s most vulnerable buyers are being priced out and the only way to address this is to increase housing stock. The Government have pledged yet again to build more homes, but our members aren’t feeling optimistic about the plans. If promises are kept and we see construction sites set up across the UK, we’ll be in a better position in a few years than the stark reality we will be facing if this doesn’t happen.”

Read the NAEA Propertymark Monthly UK Housing Report – February 2017 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

Rental price and average salary tracker – April 2026

Mixed Rental Trends Emerge Across UK as Regional Price Gaps Widen Scotland recorded one of the strongest monthly increases, with average rents rising from £1,123 to £1,167 (+3.9% month-on-month), reinforcing continued upward pressure in the Scottish rental market. Northern Ireland also saw significant growth, with rents increasing from £887 to £920 (+3.7%), alongside a fall…
Read More →
Breaking News

Seller over-expectation still impacting market

Home sellers still overpricing as just two regions see realistic price expectations The latest internal data analysis from House Buyer Bureau has found that just two regions, London and the South East, are currently seeing seller expectations align with market reality, whilst the rest of the country continues to price above market value, contributing to…
Read More →
Breaking News

Fledgling homeowners cut costs by taking on fixer-uppers to achieve dream home

66% of first-time buyers bought a cheaper home because it needed DIY or renovation work done Many choosing a ‘fixer-upper’ were able to buy in their preferred location, add value and put their stamp on it DIY almost mandatory among first-time buyers, with 93% completing at least one project since moving in But three quarters…
Read More →
Breaking News

House Price Index for April 2026 – Thoughts from the Indutry

The latest Halifax House Price Index for April 2026 shows that: – On a monthly basis, house prices remained largely static, down by just -0.1% between March and April 2026. Annually, house prices were up 0.4%, albeit this rate of annual growth had slowed from 0.8% the previous month. As a result, the average house…
Read More →
Breaking News

House prices remained broadly stable in April

• House prices edged down -0.1% in April, following a -0.5% fall in March • Average property price now £299,313, compared with £299,609 in March • Annual growth slowed to +0.4%, from +0.8% in March • Northern Ireland continues to record the strongest annual growth at +7.6%   Amanda Bryden, Head of Mortgages, Halifax, said:…
Read More →
Breaking News

Breaking Property News 7/5/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The Hidden Economics of AI Agents: Why Businesses May Spend More Than They Ever Did on SaaS AI agents are rapidly being positioned as the next evolution of enterprise software. The problem is that many companies are still evaluating them through a SaaS lens…
Read More →