Estate agents report increase in properties coming to market

A new report from the National Association of Estate Agents (NAEA) has revealed that a third of estate agents have seen around a 10% increase in properties coming onto the market, compared to six months ago. In addition, one in six agents reported up to a 20% increase.

More properties coming to market can be viewed as an early indicator that the property market is picking up again. The survey found that this initial trend has generated optimism among estate agents in the recovery of the housing market.

Gary Smith, President of the NAEA, said:

“Since the beginning of the year NAEA members have seen a significant increase in demand. There are clearly plenty of buyers out there. Last month the NAEA registered an average of four buyers for every available property.

“However the vast majority of these buyers also become sellers and these up-to-date figures show that as these buyers decide on a property the supply of housing will increase. It is another positive indication that the UK housing market is over the worst and the NAEA calls on the Government to further badger banks and building societies to respond to the opportunity to pull the situation around.”

If you are considering entering the property market, or moving your mortgage to secure a better rate, TotallyMoney.com can help. Just visit http://www.totallymoney.com/mortgages/ and fill in your details to receive a tailored quote that could save you thousands.