This entry was posted on Tuesday, September 25th, 2007 at 10:43 am and is filed under Property news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
UK Property Market
independent property advice
Even fewer first-time buyers in May
Research by the National Association of Estate Agents (NAEA) shows that the number of first-time buyers continued to decrease in May, dropping below ten percent of the market. Only 8.9 percent of the buyers signed their first home purchase contract in May, although sales remained at the levels of the previous month.
At the same time, the number of properties for sale in May went up, with around 16 per cent increases in every region. Per agent, this meant around 72 properties for sale, out of which, on average, only 13 were sold. According to experts, the surge in homes being placed for sale resulted mainly from sellers wanting to avoid the costs incurred by the introduction of Hips (home information packs).
This entry was submitted by Charlotte Swift, she regularly contributes to Glitsy Ditszy . Charlotte is a noted specialist on the topic of blepharoplasty. View her blog here.
- Home Prices Up in April
- The Cost of Moving Drops Due to Shortage of Homes
- Change of Course in the Introduction of Hips
- 99.6% Drop in Asking Prices Growth in May
- 6% Drop in New Houses Started Last Year