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Buyers Flood Back To The Property Market
StevieJ
Posts: 20,174 Forumite
One for AD, I know he loves this kind of green shoot news 
Four househunters chased every property for sale in the UK during May, new research shows.
The National Association of Estate Agents (NAEA) says estate agents had an average 299 househunters registered with them during May, the highest level since September 2007.
And interest from potential buyers translated into sales during the month, with estate agents selling an average of 10.4 homes each.
The figures represent the highest level since October 2007, and the fifth consecutive monthly rise.
http://uk.biz.yahoo.com/090618/140/impei.html
Four househunters chased every property for sale in the UK during May, new research shows.
The National Association of Estate Agents (NAEA) says estate agents had an average 299 househunters registered with them during May, the highest level since September 2007.
And interest from potential buyers translated into sales during the month, with estate agents selling an average of 10.4 homes each.
The figures represent the highest level since October 2007, and the fifth consecutive monthly rise.
http://uk.biz.yahoo.com/090618/140/impei.html
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments
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It would be ok if these buyers could get a mortgage...............
http://news.bbc.co.uk/1/hi/business/8106438.stm0 -
It would be ok if these buyers could get a mortgage...............
http://news.bbc.co.uk/1/hi/business/8106438.stm
The CML said that while lending for home buyers had been rising recently, lending to people changing their mortgage provider had dropped off.
Seems consistant with more FTBers and current householders happy to sit on SVR at the end of fixed deals.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
It would be ok if these buyers could get a mortgage...............
http://news.bbc.co.uk/1/hi/business/8106438.stm
It tailed off for people getting a remortgage, not for new home buyers.0 -
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I'm not really surprised by this... Nearly all the people I speak to in RL are always saying to me 'jump in now or it will be too late, prices are going up again' and stuff like that...
For one I don't think I would get a mortgage for anything half decent around here, for another I am not 100% confident in my job being retained. I can't understand this need for people to consistently want to buy houses even in the face of the worst unemployment records since I was 12, as well as all the other negative factors which, in my view, make it a pretty insane prospect to tie a 200k rope around my neck...0 -
One for AD, I know he loves this kind of green shoot news
Four househunters chased every property for sale in the UK during May, new research shows.
The National Association of Estate Agents (NAEA) says estate agents had an average 299 househunters registered with them during May, the highest level since September 2007.
And interest from potential buyers translated into sales during the month, with estate agents selling an average of 10.4 homes each.
The figures represent the highest level since October 2007, and the fifth consecutive monthly rise.
http://uk.biz.yahoo.com/090618/140/impei.html
good old NAEA...
gotta love 'em !!Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Lol @Steve, interesting that it's EA's saying this:D, also, what does registering mean, if I rang 5 insurance companies for a quote on my car, does that equal business for them ?, or does it mean business for only one of them, or maybe none of them.
In 2006-07 when business was booming, houses would be going SSTC within 4 weeks on average, that now has turned into 8 months in alot of areas, if there are 4 buyers to every house why aren't they going SSTC straght away ?, why is every EA empty when you go past.
TBH, it doesn't worry me too much, as long as we don't go back to 2007 in the next 3 years, I'm cool with no more price drops at all, it would be nice to have some truth though as far as actual business transactions go, registering means nothing, and 10.4 is poor isn't it.0 -
One for AD, I know he loves this kind of green shoot news
Four househunters chased every property for sale in the UK during May, new research shows.
The National Association of Estate Agents (NAEA) says estate agents had an average 299 househunters registered with them during May, the highest level since September 2007.
Does this mean there were only 1,196 properties for sale in the entire UK in May ??
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Lol @Steve, interesting that it's EA's saying this:D, also, what does registering mean, if I rang 5 insurance companies for a quote on my car, does that equal business for them ?, or does it mean business for only one of them, or maybe none of them.
I knew you would love that one :rotfl:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
In 2006-07 when business was booming, houses would be going SSTC within 4 weeks on average, that now has turned into 8 months in alot of areas, if there are 4 buyers to every house why aren't they going SSTC straght away ?, why is every EA empty when you go past.
The average time to sell a house right now is 10 weeks:
http://www.hometrack.co.uk/commentary-and-analysis/market-snapshot/time_to_sell.cfm0
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