17 Feb

Boost in demand for houses for sale in 2011

Boost in demand for houses for sale in 2011

Estate agents could be in for a busy year, with demand for houses for sale in the UK on the rise.

The number of people registering to look for houses for sale in 2011 increased from an average of 227 in December to 252 in January, according to the National Association of Estate Agents (NAEA).

Demand looks set to be met, with the branches having an average of 69 houses for sale in their area.

In addition, the average estate agent sold six properties in January, up from four in December.

Michael Jones, president of the NAEA, said: "It is encouraging to see activity levels begin to increase. 

"What we need to see now is the FSA using its newly-gained powers of oversight to ease mortgage lending restrictions."

Increased mortgage lending will help to get first-time buyers onto the property ladder, he added.

According to Clydesdale and Yorkshire Banks, more people are planning to move home in the coming year.

The percentage of people planning to look at houses for sale in 2011 has increased to 30 per cent.ADNFCR-1222-ID-800412378-ADNFCR

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