Yesterday (18 May) the National Association of Estate Agents (NAEA) announced that the amount of property sales per estate agent rose last month, the Mortgage Introducer website reports.
The amount of sales each agent made in April of this year rose by an average of 10 per cent. Although house prices have been shown to have fallen, this increase in agent numbers is seen as a positive sign.
It would appear that confidence in the property market is returning, as the following statistical examples highlight. April was the fourth continuous month to witness a steady percentage level of 23 per cent of first-time buyers in the overall sales figures. The number of agreed sales per agent in April saw an increase to 10, from 8 in March. The average amount of properties available for sale also rose in April to an average of 76, from 67 in March.
All of these are positive indicators and much needed in what remains a difficult economic environment.
The NAEA said: “While the number of people registering to look for properties fell in the past month, the April figure remains high when compared to the past 12 months, and so any dip should be scrutinised in that context. Taking jointly the figures for the past two months, it is clear that there has been a resurgence of interest in the property market, probably reflecting both an increased confidence in the future of the market and a belief that house prices are bottoming out after months of falls and that now might be an opportune moment to secure a bargain.”
Source: news.hotproperty.co.uk
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