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Welcome to www.home-for-sale-uk.com the UK based Property Portal providing details for 9,938 Estate Agents offices who have literally hundreds of thousands of houses, property, flats and homes for sale or rent. NEWS 28th January 2010 The number of people searching for property soared by more than 25 per cent in the 12 months to December, according to the National Association of Estate Agents (NAEA). The NAEA’s monthly market report found that the average estate agent had 251 house-hunters on its books in December, compared to 200 in December 2008. The number of people looking to buy had fallen from 279 in November, as expected during the traditional festive slowdown in the property market. This slowdown saw the number of sales agreed per branch drop from eight (7.6) in November to five (4.9) in December. The number of properties available for sale per branch increased slightly from 58 in November to 59 in December. President of the NAEA, Gary Smith said: "December is always a slow month for estate agents as house-hunters tend to take a break from their property search. “Given the usual seasonal lull, these figures are very much in line with our expectations but nevertheless continue to demonstrate a marked improvement on December 2008. “We are now more interested in how the market will bounce back in January, given that the Government has not responded to our requests to extend the Stamp Duty holiday, which ended in December. Thousands of potential buyers are still in need of help and further, more robust, action is needed to make mortgages more available.” 19th December 2009 Stamp Duty Holiday to End Soon The threshold for stamp duty is set to revert back to its £125,000 limit on December 31st, following a period where the level was increased to £175,000. Statistics released by the National Association of Estate Agents (NAEA) on December 18th revealed that only 19 per cent of registered house purchasers were first-time buyers in November. This is the lowest proportion recorded since December 2008, when it stood at 11 per cent, the NAEA added. 16th December 2009 National Association of Estate Agents: Housing market predictions for 2010 The National Association of Estate Agents (NAEA) today revealed its predictions for the UK property market over the next 12 months. Predicting a market hugely dependent on how much lending will be made available, the Association said: · House prices could remain flat, or, in some markets possibly drop slightly, for the first six months, before picking up again and remaining stable in the second half of the year Supply will remain stable in the run up to the General Election, after which there are likely to be more houses available for sale, particularly if Home Information Packs are scrapped · The General Election would cause a lull in activity as people adopt a “wait and see” approach · A number of buyers will continue to take advantage of lower interest rates and lower priced property. · The continued presence of First Time Buyers will be critical to market success. Peter Bolton King, chief executive of the NAEA, said: “While not being a brilliant year, 2009 was for many agents much better than the year before. In 2008 many couldn’t see how they would survive, in 2009 for a lot of agents there was at least enough activity to keep the business going. This was certainly a year of survival of the fittest and those able to offer a first class service. “The beginning of 2010 sees several things happen. The stamp duty holiday will end, despite warnings from much of the property industry that this is a mistake, and this has the potential to reverberate around the market. “We also have an increase in VAT and an imminent General Election. This means that some people will adopt a wait and see attitude to housing as they study what tax changes will mean for them and how the election is likely to play out. “In recent months the market has witnessed a slight increase in housing prices, driven largely by the fact that, in some markets, demand is outstripping supply. If more property comes onto the market the house price rise will flatten or, in some cases might fall slightly over the first six months of the year. “During the year we have however seen a pick up in demand as many take advantage of lower prices and interest rates. This clearly indicates that the British public still believes that investing in bricks and mortar is the right thing to do. “There have been encouraging levels of first time buyers throughout 2009 and I would hope this continues into 2010. Again, the situation with lending will have an impact. The NAEA believes that responsible lending to responsible people is crucial to any recovery.” 12th December 2009 Estate Agents have been hit this year by the continued housing crash. Many Estate Agents offices have closed this year very few re-opening. We are confirming this as we update our records on the website. Buyers are still finding difficulty funding mortgages and transactions remain low. |
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