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Sellers And Buyers Return To Housing Market

Wed, 12 May 2010
New figures have revealed that activity in the UK housing market increased last month with both the number of properties for sale and the number of would-be buyers rising on the previous month.

The data from the National Association of Estate Agents (NAEA) showed that the average number of house hunters registering to buy at branches grew for the third month in a row, from 274 in March to 278 in April

The average number of properties being put up for sale also rose from 60 to 62 per branch, the highest figure since last October.

Average property sales per NAEA member remained at eight, while the percentage of sales being made to first-time buyers dropped slightly from 23 per cent to 21 per cent.

NAEA president Gary Smith said: "A major housing trend over the past six months has continued to be the relatively low numbers of sellers coming to market."

"For three months, however, the number of sellers has increased steadily. At the same time demand has stayed strong, as have the number of sales being agreed."

"The level of first time buyers has dropped slightly, and the NAEA will push hard for more measures to help this group from the new Government.

He added: "All of the trends reported by our members point to reasonably sunny prospects for the summer housing market."
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