Demand for UK property spikes
The NAE’s January housing market report revealed the average number of house hunters registering with an agent increased from 281 in December 2012 to 314 in January.
This is the highest figure since September 2007 when an average of 326 house hunters was recorded.
Mark Hayward, president of the NAEA, said: “These latest results reflect a wider upturn in the market at the start of what we hope will be a better year for UK property.
“The strong number of enquiries during January suggests the financial barriers that have plagued the market for so many years may be beginning to ease as banks increasingly look at new ways to assist buyers.”
The report also revealed an increase in the percentage of sales made to first time buyers which was at a two year high and accounted for over 25% of overall sales.