Residential homes sales are back on track
Residential homes sales are back on track
- 2005
- Estate Agent July 2005, 4-5(2) .
The latest National Association of Estate Agents (NAEA) survey reports that the housing market has got back on track in May 2005. The average house price has reached £206 551, the average monthly increase is 2.18% and the average annual increase is -2.76%. NAEA members sold two more properties per agent in May than in April. Property sales are however taking longer (4.2 weeks longer than at the same time last year). Finds a clear north/south divide when looking at the properties, which qualify for 0% stamp duty. The number of homes on the market increased by an average 6.74 per agent compared with April, double that of last year. Rental rates increased by 0.33% throughout May compared with 1.79% a year ago. Provides an overall market comment and regional summaries. Graphs cover number of properties sold, former buy-to-let properties on the market and average number of homes on the market.
The latest National Association of Estate Agents (NAEA) survey reports that the housing market has got back on track in May 2005. The average house price has reached £206 551, the average monthly increase is 2.18% and the average annual increase is -2.76%. NAEA members sold two more properties per agent in May than in April. Property sales are however taking longer (4.2 weeks longer than at the same time last year). Finds a clear north/south divide when looking at the properties, which qualify for 0% stamp duty. The number of homes on the market increased by an average 6.74 per agent compared with April, double that of last year. Rental rates increased by 0.33% throughout May compared with 1.79% a year ago. Provides an overall market comment and regional summaries. Graphs cover number of properties sold, former buy-to-let properties on the market and average number of homes on the market.