8 Jul

NAEA says buyers are in control

NAEA says buyers are in control

The president of the National Association of Estate Agents (NAEA) has stated that buyers are currently in a very strong position.

Commenting on the fact that there are now more properties on the market, Chris Brown said first-time buyers, problem-free purchasers and those who already sold their properties will benefit from this when looking for a new home.

He noted that a few years ago, sellers generally had the luxury of choosing from a number of buyers, but this may not be the case now.

"People's expectations are now coming into line with reality ... I certainly think they [buyers] have got a lot of pulling power and a lot of influence on the market," he said.

According to the latest Rightmove House Price Index there are now a record one million properties on the market, with the ratio of properties to buyers doubling over the past year to 15:1.
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