Market holds steady for first-time buyers
Language: English Series: Estate Agent ; June 2005, 4(1)Publication details: 2005Subject(s): Summary: The National Association of Estate Agents (NAEA) housing market report for April 2005 showed prices remaining steady at general election time with buyers exercising caution as the average house price in April rose to £203 076, up 0.7% on the previous year. The number of viewings decreased by 3.4% between March and April 2005. April's number of transactions exchanged was up by 17.6% and the average number of new instructions per member agent was up by 2.1%. Comments on the first-time buyer market, agents' views on the housing market outlook over the next six and 12 months, the impact of the election on market activity and returning first-time buyers on the lettings market. NAEA's survey also revealed a downward trend in the typical discount from asking price per agent. Table covers price forecasting and a graph the average percentage discount off asking price.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L130134 (Browse shelf(Opens below)) | 1 | Available | 130134-1001 |
The National Association of Estate Agents (NAEA) housing market report for April 2005 showed prices remaining steady at general election time with buyers exercising caution as the average house price in April rose to £203 076, up 0.7% on the previous year. The number of viewings decreased by 3.4% between March and April 2005. April's number of transactions exchanged was up by 17.6% and the average number of new instructions per member agent was up by 2.1%. Comments on the first-time buyer market, agents' views on the housing market outlook over the next six and 12 months, the impact of the election on market activity and returning first-time buyers on the lettings market. NAEA's survey also revealed a downward trend in the typical discount from asking price per agent. Table covers price forecasting and a graph the average percentage discount off asking price.