16 Jul

Estate agents see rise in property demand

Estate agents see rise in property demand

Estate agents have seen a rise in the demand for property, despite mortgage restrictions.

The National Association of Estate Agents reported that June saw an increase in the number of people enquiring about houses for sale.

In May 265 people registered an interest in buying properties while in June there was an average of 279 enquiries per branch.

This comes despite the number of houses available on the market falling from 62 per estate agent

Michael Jones, president of NAEA, said: "There is clearly demand for property at present but these figures suggest that the banks are still being restrictive in their mortgage lending policies to buyers."

While the demand for houses is currently higher than available properties, Jeremy Leaf, of the Royal Institution of Chartered Surveyors, suggested that there could be a large rise in the number of people putting their homes on the market over the coming months.ADNFCR-1222-ID-19894444-ADNFCR

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