10
Aug
Property market saw 'great promise in July'
Estate agents in the UK are expected to be happy after it was
revealed that July showed great promise for the property
market.
According to the National Association of Estate Agents (NAEA), last
month was one of the strongest for the housing market.
Its monthly report revealed that as well as the number of
interested homebuyers increasing, there were more properties on the
market.
Michael Jones, president of the NAEA, said: "Demand and supply both
increased in July, which is great news for the housing
market."
The report showed that estate agents had an average of 68
properties on their books in July, an increase from an average of
59 the previous month.
It also revealed that the average agent had 293 registered house
hunters, compared with 279 in June.
Today (August 10th), Rics announced that the value of properties
decreased in July for the first time since the same period in
2009.