Number Of House Buyers Has Fallen A Third Over Last Year

Figures from the National Association of Estate Agents (NAEA) suggest the number of house buyers has fallen by 35% since July last year, with demand at its lowest November 2013. In its July Housing Market report, the organisation reported the number of house hunters registered per member branch that month dropped to an average of 298, from 330 the previous month. This is the lowest seen since November 2013, when 292 buyers were recorded and a third (35%) lower than in July last year, when 462 prospective buyers were registered per branch. Last month, the supply of houses available to buyers increased marginally, from 37 properties available to purchase per branch in June, to 38 in July. Read more on the Housing Excellence website.