News Tag: National Association of Estate Agents
December 18, 2009
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 ...
First-time buyers withdraw as stamp duty threshold reverts
by Gill Montia
October 8, 2009
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 ...
Estate agents call for extension of stamp duty holiday
by Gill Montia
September 9, 2009
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 ...
Estate agents optimistic on summer figures
by Gill Montia
July 13, 2009
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, ...
Vendors achieve over 98% of asking prices
by Gill Montia
May 18, 2009
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 ...
Estate agents report rise in sales
by Gill Montia
November 19, 2008
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 ...
NAEA: Property sales up second consecutive month
by Kay Murchie
October 23, 2008
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 ...
Rightmove cuts staff as vendors overvalue homes
by Gill Montia
August 27, 2008
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 ...
Slow house sales put Hip searches out of date
by Gill Montia
August 20, 2008
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 ...
Estate Agents launch property website
by Gill Montia
July 24, 2008
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 ...
First-time buyers return to property market
by Gill Montia
July 8, 2008
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 ...
Estate agents urge prospective purchasers to action
by Gill Montia
May 28, 2008
Estate agents are reporting evidence of a return to housing market stability in certain regions of the UK.
April saw figures for the number of viewings required before a sale is agreed and the average difference between asking and selling prices remain stable month-on-month.
According to the National Association of Estate Agents (NAEA), an average sale required fourteen viewings (up two on ...
April housing market showed signs of stability
by Gill Montia
