You are here: Home - News -

Terrorist attacks slow business, says NAEA

by:
  • 13/11/2001
  • 0
Members of the National Association of Estate Agents (NAEA) reported an immediate downturn in busine...

Members of the National Association of Estate Agents (NAEA) reported an immediate downturn in business following the terrorist attacks on 11 September.

In the NAEA’s monthly market survey, 54% of agents saw a dip in September. House prices are reported to be 13% higher than for the same time last year, but 80% of respondents expect a slowdown in price rises for the rest of the year. Nearly all, 90%, say there will be less property available on the market.

As well as political tension, the NAEA cites recession fears and the usual festive season slowdown as reasons. The NAEA stresses that any slowdown should be seen in context of a market that has outperformed all expectations in 2001.

Tags

There are 0 Comment(s)

You may also be interested in

Read previous post:
L&G backs tied agents in FSA debate

Legal & General has hit back against claims that consumers may not be getting the best advice if the...

Close