20 Jan

Property searches increase, NAEA finds

Property searches increase, NAEA finds

The National Association of Estate Agents (NAEA) has discovered that the number of people searching for property in the UK increased by more than 25 per cent in the 12 months to December.

According to the organisation's data, the average estate agent had 251 house hunters on its books in December last year, compared with just 200 in the same month of 2008.

In terms of sales figures, there was a fall in the number of sales agreed in December compared with the previous month, although the association stressed that this was expected due to the Christmas period.

Gary Smith, president of the NAEA, commented: "Given the usual seasonal lull, these figures are very much in line with our expectations but nevertheless continue to demonstrate a marked improvement on December 2008."

The Royal Institution of Chartered Surveyors released research earlier in January which revealed that 17 per cent more of its members recorded a rise in the number of new instructions in December compared with a month earlier.ADNFCR-1222-ID-19569025-ADNFCR

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