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PROPERTY NEWS ARCHIVE

18 Sept 07 - House Market Shows Signs Of Revival

Activity in the housing market has started to pick up again following a slowdown in July, new figures show.

The National Association of Estate Agents said the number of registered buyers, properties on estate agents' books and sales per agent all rose during August as the market prepared for the end of the summer lull. However, with uncertainty still clouding the current economic climate, the majority of the figures are still down on the same time last year.

The number of people looking to purchase a home increased by 3.8% in August as agents reported an average of 326 buyers registered on their books, compared with 314 recorded in July. The number of houses for sale also rose as NAEA members had an average of 81 properties on the market during the month, against an average of 45 homes the previous month.

Source: National Association Of Estate Agents


News items supplied by SelectNews, produced by PA Business, part of the group that owns The Press Association, the UK's national news agency. Copyright (c) PA Business 2007.

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