The number of houses available to buy decreased marginally in September, to 40 per branch. This is a decline from 41 properties per branch recorded in August, which was the highest level seen since March this year
The number of sales agreed rose by 12.5% in September to an average of nine per branch.
Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the findings: “This month’s report proves that buyer confidence is growing, which is obviously reassuring, given that we expected uncertainty following Brexit. Although supply has dropped marginally, this does not concern us as it’s still higher than the levels we saw between April and July. However, it is worrying that the number of sales being made to FTBs has fallen to the lowest number in 10 months.
The fact the Government’s Help to Buy housing scheme is due to close this year might pose more of a challenge for those who were relying on this to help get their foot on the property ladder. We now look ahead to the Autumn Statement and look forward to seeing what plans the Government puts in place to assist FTBs towards their goal of homeownership.”