Search regulated estate agents at www.naea.co.uk. UK property market report for September 2011.
As mentioned in the last market report, August actually turned out to be not as bad as perhaps it would normally be because people go on holiday and we expect sales numbers to drop but they remained the same.
Interestingly, in September the sales have held up but looking at the statistics it shows that there is a a slight increase in the number of people looking to buy property. So to begin with, the average number of sales per branch remained the about the same as last month and throughout most of the year at eight per branch per month.
The percentage of first time buyers is something that is always monitored and that has in fact increased slightly so in other words the percentage of those eight sales per branch actually 22% of those according to our members were to first time buyers which overall is 20% up from last month! So again the first timer buy who is finding it quite difficult to get mortgages is still out there searching providing they can get the deposit together which as mentioned before quite often is from the help of their parents.
Moving on to the average numbers of available properties for sale per branch which has gone up from 65 properties per branch in August to 72 in September which is just over a 10% rise so quite substantial. At the same time there has also been an increase in the average number of house hunters per branch which was 304 and is now 308 per branch. And this the highest number registered at any time since September 2007 - which was when the market started crashing!
There are house hunters out there and there are slightly more properties available so one would hope that there will be an increase in sales.
One last thing, it is very important that you get the price of your property correct. If you get it too high initially, there is a danger that a potential buyer will just ignore it but at the same time you don't want to drastically decrease the value of the property where it will become stale so please take advice from one of our members to make sure your property is priced correctly set in the first place.