NAEA Propertymark’s December housing report has revealed that despite a drop in sales agreed compared with November 2019, the year-on-year total increased.
The study also highlighted that the number of sales made to first-time buyers rose from 28% in November 2019 to 29% in December 2019, an increase of five percentage points compared with December 2018.
The number of properties available per member branch rose to 41, the highest seen since August 2019 (44).
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However, this was a slight decline on the 42 recorded in December 2018.
Mark Hayward, chief executive at NAEA Propertymark, commented: “After a period of suppressed market activity due to Brexit and political uncertainty, the clear outcome of the general election in December has injected some much-needed confidence into the market.”