You are here: Home - News -

Demand for homes jumps as supply drops – NAEA

  • 29/05/2018
  • 0
Demand for homes jumps as supply drops – NAEA
The property market has switched to favour sellers, after demand from house hunters increased in April while supply dropped, according to NAEA Propertymark.



Interest from prospective buyers increased by 9% last month, with estate agents registering a typical 337 hunters from 308 per branch in March, data from the trade body showed.

However, this number is significantly lower than the 381 measured in April 2017.

Last month the supply of homes available to buy fell from 40 in March to 33 on average per branch.

The number of number of sales agreed remained the same, with eight per branch in April.

The proportion of sales to first-time buyers dipped to 24% from 26% in 2017.


Swinging back

Mark Hayward, chief executive at NAEA Propertymark said: “Last month our findings indicated that we were entering what looked like a buyer’s market, but this month, the dial has swung back in the favour of sellers.

“With demand on the up, and the supply of available homes falling once again, buyers will find themselves facing stiff competition from other house-hunters.

“This is particularly difficult for first-time buyers who traditionally have less bargaining power on price, so will be struggling to enter bidding wars with second or third steppers.

“The government is working to improve the house buying and selling process, which is music to our ears, but until more homes are built and supply catches up with demand, the process will remain difficult.”

There are 0 Comment(s)

Comments are closed.

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.


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.


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.


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:
headshot of Tom Gurrie Vernon BS
Vernon BS removes equity release qualification advice requirement

Vernon Building Society will no longer require brokers to hold the equity release qualification when advising on its retirement mortgage...