Wednesday, 28 June 2017

General Election Hurt Demand And House Prices

The National Association of Estate Agents says the General Election led to a drop in the number of registered house hunters per branch by eight per cent in May - and it also reports a sharp fall in the number of homes selling above asking price. The NAEA says the number of house hunters registered per estate agent branch fell from an average of 381 in April to 350 in May - “unsurprising as political uncertainty ahead of the election stalled buyers” says the association. Only three per cent of properties sold for more than asking price in May, down four per cent from April and the lowest level since October. Read more on Letting Agent Today.

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