NAEA Propertymark

Confidence returns to housing market after positive close to 2019

Both the number of prospective buyers and property sales agreed has increased year-on-year, according to the latest research.

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).

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.”

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