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Friday 01st of January 2010

News Tag: NAEA

December 18, 2009

First-time buyers withdraw as stamp duty threshold reverts

by Gill Montia
”First-time
First-time buyers were in short supply during November, according to the National Association of Estate Agents (NAEA). Figures from the body show only 19% of house sales involved those getting a foot on the property ladder, a substantial drop from a May peak of 45%. The proportion is also at its lowest since December 2008, when 11% of transactions involved first-time ...



November 9, 2009

Five buyers for every house on the market

by David Masters
For every property on the market there are five potential buyers looking to snatch it up, new research has discovered. A study by the National Association of Estate Agents (NAEA) found estate agents had an average of 287 prospective buyers on their books in October. The average number of properties available at estate agents was 57. The high demand has bumped up prices slightly, but has not translated into sales. House prices ...



October 8, 2009

Estate agents call for extension of stamp duty holiday

by Gill Montia
”Estate
The National Association of Estate Agents (NAEA) is calling on the Government to extend the stamp duty holiday on properties worth up to £175,000. The threshold at which one per cent stamp duty is paid was raised from £125,000 to £175,000 in September of last year, creating an opportunity for homebuyers to save up to £1,750. However, the concession ...



September 9, 2009

Estate agents optimistic on summer figures

by Gill Montia
”Estate
In its August housing market survey, the National Association of Estate Agents (NAEA) reveals that the expected summer dip in the UK housing market has been less than expected. The number of prospective purchasers registered with estate agents decreased to 238, compared with 292 in July, and the average number of sales agreed per branch fell from 8.6 to 7.6. The average number ...



July 13, 2009

Vendors achieve over 98% of asking prices

by Gill Montia
”Vendors
The National Association of Estate Agents (NAEA) has reported that the average difference between asking and selling prices fell to 1.9% in June, down from 6.3% in May. The Association's members also reported "continued strong sales", although falling stocks resulted in "slightly fewer people" searching for a new home. Agent had 64 properties for sale on average, down from 69 in May, ...



June 19, 2009

Surge in potential homebuyers as stocks dwindle

by Gill Montia
”Surge
The National Association of Estate Agents (NAEA) has reported a surge in the number of potential house purchasers registering with its members. NAEA firms reported an average 299 househunters signing up in May, the highest level since September 2007. However, last month the number of properties on estate agents' books fell to an average of just 69, down from 76 in April. As ...



May 18, 2009

Estate agents report rise in sales

by Gill Montia
Estate agents report rise in sales
The National Association of Estate Agents (NAEA) has reported that its members sold more houses in April than in any month since October 2007. The average estate agency branch sold ten properties last month, up from eight in March and a record low of five in August 2008. The Association's chief executive, Peter Bolton King, says: "What we are beginning to see now ...



November 19, 2008

NAEA: Property sales up second consecutive month

by Kay Murchie
NAEA: Property sales up second consecutive month
Figures from the National Association of Estate Agents (NAEA) have revealed that the number of properties changing hands rose slightly in October, for the second consecutive month. The NAEA’s survey found that the average estate agent sold seven properties in October, up from six the previous month. The slight rise is attributed to the fact that sellers are being more realistic ...



October 23, 2008

Rightmove cuts staff as vendors overvalue homes

by Gill Montia
Rightmove cuts staff as vendors overvalue homes
Rightmove is cutting staff numbers by 20% and making 60 people redundant. The property website, which advertises around 90% of homes for sale in the UK, has seen sales plummet and is now joining High Street estate agents in laying-off staff. The company says that while these are the first redundancies it has made as a result of the downturn in the ...



August 27, 2008

Slow house sales put Hip searches out of date

by Gill Montia
Slow house sales put Hips searches out of date
The National Association of Estate Agents (NAEA) is demanding a review of Home Information Packs (Hips) because the slowdown in the housing market means that some of the packs are out of date before a property is sold. The packs were intended to simplify and speed up the house selling process but the majority of estate agents opposed ...



August 20, 2008

Estate Agents launch property website

by Gill Montia
Estate Agents launch property website
The National Association of Estate Agents (NAEA) is launching a website that will allow its 10,000 members to advertise properties at no charge. The site should be up and running in October and aims to bring solace to a profession that has been hard hit by the credit crisis. It may also provide strong competition for Rightmove, which charges customers up to £495 a ...



July 24, 2008

First-time buyers return to property market

by Gill Montia
First-time buyers return to property market
The National Association of Estate Agents (NAEA) has reported that first-time buyers are making a tentative return to the housing market. In a survey of its members, the NAEA found that in June first-time buyer sales represented 11.8% of the housing market as compared with 9.8% a year earlier and up from 10.6% in May 2008. NAEA president, Chris Brown, believes that this ...



July 8, 2008

Estate agents urge prospective purchasers to action

by Gill Montia
Estate agents urge prospective purchasers to action
The National Association of Estate Agents (NAEA) is urging prospective house purchasers into action, as a record number of homes languish on estate agents' books. Last month, property website Rightmove calculated that there were over one million homes for sale in England and Wales and the NAEA is pointing out that buyers can no longer hold out for high offers and ...