Housing Market Report - May 2011 - NAEA

Search regulated estate agents at www.naea.co.uk. UK property market report for May 2011. NAEA report on the position of the housing market in a difficult economy.

Mortgage availability continues to cause problems although showing signs of improvement. Buyers still requiring deposits of around 20%.

Number of applicants looking for property up compared to last year. Number of sales per branch unchanged since February with no real change in the supply of properties for sale. Percentage of first time buyers has increased slightly and now represent around a quarter of the market.

Key message - there is no such thing as a single market for the UK. Check your local market and consult with a local National Association of Estate Agents member.

Category:

News & Politics

Tags:

• UK property
• housing market
• properties for sale
• homes to buy
• buying a home
• housing report
• mortgages
• first time buyers

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Rubbish