Friday, 2 June 2017

Residential Property Sales Drop Ahead Of General Election

The number of residential property sales has fallen by 20% as many prospective purchasers adopt a ‘wait and see’ approach ahead of the general election. Each branch of estate agents agreed sales on eight properties on average in April, down from 10 in March, according to the latest figures published by the National Association of Estate Agents (NAEA Propertymark). The trade body found that there were just 36 properties available to buy per branch in April, down from 39 properties in March. But demand also fell, with the number of buyers registered with each branch reaching 381 in April, which was below the 425 recorded in January and February, and 397 in March. Read more on Property Investor Today.

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