Counting the cost of an average home - NAEA

clock

While the average property price fell 1.2% in December, the National Association of Estate Agents (NAEA) says the average house would now set Brits back £203,506.

Amid the reported cool in the market, NAEA says property prices ended the year 6.4% higher than in 2003. Surveying 10,000 members of the NAEA revealed that almost 80% of estate agents expect their business turnover to remain the same or increase by the end of this year, with 55% expecting a pick up from January, while 44% believe that April will see an upturn in productivity. As healthy as this may sound, this still leaves many agents with either a flat business or many who may not feel so confident about the housing market for 2005. NAEA says as expected for the time of year, the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Compliance-focused adviser generation 'lost the human touch'

Compliance-focused adviser generation 'lost the human touch'

‘Now there's soft skills training but advisers naturally did it back then’

Isabel Baxter
clock 24 April 2024 • 2 min read
Advice firms face data challenges amid new regulation

Advice firms face data challenges amid new regulation

Firms face challenges in collecting data and due diligence processes

Sahar Nazir
clock 24 April 2024 • 1 min read
PA Working Lunches: Register today to hear from Baillie Gifford

PA Working Lunches: Register today to hear from Baillie Gifford

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 April 2024 • 1 min read