The summer lull in the mortgage market can be attributed to seasonal decline and was not evidence of another prolonged downturn, the National Association of Estate Agents (NAEA) says.
According to its latest housing market survey, the number of average sales agreed per branch climbed by one to nine last month. The number of people registering to buy a property increased from 238 to 294, a significant improvement on the 211 house hunters recorded in August last year. Although the percentage of first time buyers (FTBs) fell 10% to 26% in September, this still represents an increase on July figures and, according to the NAEA, suggests a healthy and improving market. despite the improving sentiment, Mark Bentley, chairman of the Birmingham NAEA branch, says ...
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