The weather may not have been perfect this summer, but at least Home Sale Network – a national estate agency organisation – has found some good news for buyers and sellers. According to a recent survey, property sales and buyer enquiries have increased over the summer months, when compared to the same time last year.
The majority of Network respondents (a staggering 87%) saw up to a 20% increase in property sales and buyer enquiries during this year’s summer months compared to summer 2011. So if you’re looking to enter the market, now may be the right time to do so as activity appears to be increasing.
However, the market continues to present challenges, with mortgages presenting the two biggest influences according to Home Sale Network. Nearly half (47%) of respondents indicated that a lack of mortgage availability was the biggest challenge in preventing more buyers from entering the market. An additional 40% stated that it was the lack of a mortgage deposit that’s preventing more people from entering the market.
Dan Crawley MNAEA
Director – Residential
ALDREDS PROPERTY CONSULTANTS LTD
116a High Street
Norfolk NR31 6RE
Tel: 01493 664600
Fax: 01493 443688