Housing
Market
Report
NATIONAL ASSOCIATION OF ESTATE AGENTS
HOUSING MARKET REPORT
September 2016
For further information:
National Association of Estate Agents Press Office
020 7566 9777
[email protected]
Housing
Market
Report
September 2016 Housing Market
Report:
HOME BUYER CONFIDENCE BOUNCES
BACK TO PRE- BREXIT LEVELS
KEY FINDINGS
 Demand for housing rose by 16 per cent in September, to a similar level seen in June earlier
this year
 The number of sales made to first time buyers (FTBs) fell to the lowest level seen since
November last year
 Supply of available housing dropped marginally in September
 The number of sales agreed increased to an average of nine per branch last month
Demand from house hunters rose in September, reveals the National Association of Estate Agents
(NAEA) September Housing Market Report.
HOUSE-HUNTERS
Average 333 house hunters
registered per branch in September,
an increase from 287 in August
The number of house-hunters registered per branch rose by 16 per cent in September, from 287 in
August. This is now at a similar level to that seen in June, when there were 330 house-hunters
registered per branch.
Housing
Market
Report
500
450
400
350
300
250
200
150
100
50
0
Figure 1: number of house-hunters registered per member branch
HOUSING STOCK AND SALES PER BRANCH
Average number of properties
available for sale per branch
decreased from 41 in August to 40 in
September
The average number of houses available per branch decreased from August when there were 41
properties available to buy at each branch.
60
50
40
30
20
10
0
Figure 2: houses available per member branch
Housing
Market
Report
SALES TO FIRST TIME BUYERS
23 per cent of sales were made to
first time buyers in September
The number of sales made to FTBs decreased by five percentage points in September, from 28 per
cent in August. This is now the lowest level seen since November last year, when 21 per cent of sales
were made to the group.
While one in ten (12 per cent) estate agents think sales to FTBs has stalled post-Brexit, two fifths (41
per cent) haven’t seen a change to FTB activity since the referendum vote. Further, over half (52 per
cent) do not expect Brexit to influence the number of sales made to the group in the future.
35%
30%
25%
20%
15%
10%
5%
0%
Figure 3: percent of sales made to first time buyers
HOUSES SOLD AT ASKING PRICE
Last month, three quarters (76 per cent) of the properties sold per member branch went through for
less than the original asking price – the same amount as August.
ENDS
Editor Notes:
For further information contact:
Housing
Market
Report
National Association of Estate Agents Press Office
020 7566 9777
About NAEA
NAEA is the UK’s leading professional body for estate agency personnel; representing over 7,000 members
who practise across all aspects of property services. We are dedicated to the goal of professionalism within all
aspects of property, estate agency and land. Our aim is to reassure the general public that by appointing an
NAEA member to represent them, they will receive in return the highest level of integrity and service for all
property matters.