Dec 18 2019 11:13:00
2019 housing market slightly better than 2018 says NAEA
The National Association of Estate Agents has given its analysis of 2019 - and it may have been a better year than 2018.
Over the course of 2019, demand was slightly higher than last year with an average of 320 house buyers registered per branch, compared to 318 on average throughout 2018.
The number of properties available to buy hasn’t changed significantly year-on-year, with 39 available per branch throughout 2018 and 38 in 2019.
The month of August saw the highest number of properties this year, with an average of 44 available to buy.
The number of sales agreed per branch through the year remained the same at eight on average per month in 2019. Historically, this figure has stayed consistent, only moving between nine and seven between 2009 and now.
The proportion of total sales made to first-time buyers increased by two percentage points in 2019, from 25 per cent in 2018 to 27 per cent.
Mark Hayward, the NAEA chief executive, says: “2019 has been an interesting year for the property market. House buyers and sellers have been faced with a lot of uncertainty, which in turn affects sentiment and decision-making. Activity in the housing market has remained consistent when compared to the last year.”