18 Jan

UK housing market receives new year boost

UK housing market receives new year boost

The first two weeks of January saw a surge of interest from both buyers and sellers, according to the National Association of Estate Agents (NAEA).

Following a poll of 700 estate agents, 59 per cent said they had seen an increase of people looking for houses for sale in the UK, compared to January averages.

In addition, 26 per cent said levels of interest met the January average, with only 14 per cent reporting that the number of house hunters was lower than expected.

Potential seller numbers also saw a new year boost: 45 per cent of association members reported a increase in the number of enquiries from people looking to sell their home.

For 36 per cent of the polled agents, seller enquiry figures were average for the time of year.

NAEA president Mike Jones said: "The market appears to have experienced a jump start to 2011. We are hopeful that this strong start to the year will continue into February."
Mr Jones predicted a New Year bounce back after attributing poor sales in December to "freak weather conditions".

In addition, the festive season traditionally sees a drop in sales, he added.ADNFCR-1222-ID-800349088-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.