Boost In Supply Improves FTB Sales

The latest data and analysis from NAEA has revealed that the number of property sales saw a 13% rise in June, breathing new life into the UK property market. According to the figures, the number of sales agreed per estate agency branch rose from eight in May to nine in June. However, this is still 18% down against the same month a year earlier when agents closed a total of 11 sales per branch. NAEA reports that the proportion of sales made to first-time buyers was up 5% hitting 29% in June – the highest amount recorded since February - as the supply of housing rose while demand dropped. Read more on the Property Reporter website.

http://www.propertyreporter.co.uk/property/boost-in-supply-improves-ftb-sales.html