UK housing market property supply rises

uk-propertyUK housing market supply has increased and reached a new high since March 2016, which shows that the market is in the right direction. The number of houses available for buyers increased to 41 per branch in August. According to the report from National Association of Estate Agents (NAEA), the number of sales made to first time buyers increased in August from 25% of total sales in July to 28%.

Mark Hayward, NAEA managing director, says: “Following a few months of uncertainty in the market, it’s more than encouraging to see things moving in the right direction. Although there was a slight drop in demand, the fact that supply has risen means more choice for those that are looking for a new home.”

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