You are here: Home - News -

Estate agents struggling to meet demand

by:
  • 21/05/2002
  • 0
According to the National Association of Estate Agents (NAEA), a shortage of properties on the marke...

According to the National Association of Estate Agents (NAEA), a shortage of properties on the market is adding to the current high level of house prices.

With the market showing no signs of slowing, NAEA members have reported demand is failing to match the number of new instructions, encouraging house prices to rise well ahead of inflation.

Chief executive, Hugh Dunsmore-Hardy, said: ‘Our survey shows a traditional spring surge in housing-market activity, with estate agents struggling to keep up with demand.’

The survey shows the average number of agreed sales during March was 33% higher than in the first two months of the year.

Business looks set to remain busy as 55% of members reported a rise property viewing. First-time buyers are also keeping the market buoyant, accounting for around 38% of buyers in March.


Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Paymentshield takes to the road with shows

Paymentshield is hosting a series of 14 roadshows aimed at mortgage brokers and IFAs. Starting on 15...

Close