NAEA Reports Rising Activity - is Now the Time to Sell Your House

by RichardM 18. June 2009 17:19

According to the National Association of Estate Agents for every house put onto the market in May there were 4 buyers registering. This is as much a reflection of supply tightening as it is sellers increasing, although the NAEA did point out that estate agents sold an average of 10 homes in April, more than in any month since September 2007 when things went pear shaped.

The rising activity in the market, coupled with the Halifax house price index showing a 2.6% increase in house prices during May, have led to much more positive statements from NAEA director Peter Bolton King.

"This is one more indicator that the pent-up demand in the housing market is beginning to move. Our agents are reporting increased sales, more people wanting to look for property and a healthy resurgence in first time buyers," he said.

Bolton King also said:

"However it would be silly to speak as if the property market has recovered; and the Government must do everything in its power to help ensure that this is not a bubble. Specifically they must re-examine stamp duty, which is a tax on aspiration and a barrier for thousands of first time buyers."

But I think this was as much about him getting in another dig at the revered stamp duty as it was about tempering his incredibly positive statements.

So, if now is the time to sell property, now is the time to sell your house with Zungalow. It couldn't be easier, and at £29 per year it is far more affordable than the average estate agents fee of £4000.

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