Snow causes house sales to hit eight-year low

The National Association of Estate Agents (NAEA) reported that members sold on average four properties in December compared to seven in November 2010. This was the lowest average figure recorded by the NAEA since January 2003, when an average of two properties were sold per branch. However, the NAEA said early signs suggested the first weeks of the new year have brought a resurgence in demand and activity. NAEA figures showed the supply of property remained steady in December, when a fall would have been expected, with an average of 64 properties on agents' books. In addition, t...