Property Marketing Firms Report Increase in Buyers

The number of house hunters is on the up and first time buyer figures are also increasing, according the National Association of Estate Agents (NAEA)

Figures for the month of June show that the average number of registered house hunters per property marketing company branch was up by 20 from 274 to 294.

Housing Market Beginning to ‘Bounce Back’

The news shows that the market is beginning to bounce back following the slight slump reported as a result of the end of the stamp duty holiday in May.

And, according to the NAEA, agents reported an increase in “serious” buyers who were hoping to finalise a purchase before the end of the summer, as well as a higher number of first time buyers – who accounted for almost one in five house hunters – up from 17 per cent the previous month.

Home Sales Stay Stable

For the same period, sales of homes also stayed stable with an average seven sales per branch in the month of June – despite poor weather, summer holidays and the distraction of Jubilee celebrations and Olympic preparations.

President of the NAEA Mark Hayward commented: “After the bad news for the first time buyer levels last month, it is pleasing to see that the market is showing some signs of resilience in the face of challenging conditions and we should welcome the signs of the return of the serious house hunter.”