STAMP DUTY REFORMS BOOST MIDDLE MARKET PROPERTIES
- NAEA member agents record highest level of registered home buyers per branch in December for 10 years.
- A fifth of agents saw more sales in properties in the £251k to £925k band
- One in ten agents saw more sales of properties up to £250k
- NAEA member agents report rise in percentage of sales made to FTBs in December
NAEA member agents recorded the highest level of registered home buyers per branch in December for 10 years at an average of 360, while agents reported they saw a rise in the number of properties sold in the bands of up to £250,000, and £251,000 to £925,000.
The last time the number of house buyers registered per NAEA member branch was this high for December was in 2004. The seasonally high figures suggest the changes made to stamp duty announced in December helped to encourage prospective buyers in a typically quieter month for the housing market.
However supply remains worryingly low. The number of houses available for sale per NAEA branch was seasonally low at just 45 properties per branch, compared to 50 in November 2014 and 47 the year before in December 2013.