Has confidence finally returned to the housing market?

The latest data from NAEA Propertymark has shown that numbers of prospective buyers and sales agreed were up last December when compared to the previous year.

NAEA Propertymark has issued its December housing report which shows that the number of sales agreed per member branch fell from seven in November to six in December. Year-on-year, however, the number of sales agreed has increased, from five sales agreed in both December 2017 and December 2018.

Sales to FTBs

The number of sales made to FTBs increased marginally in December, rising from 28% in November to 29%. Year-on-year, this is an increase of five percentage points from December 2018 when the number of sales made to the group stood at 24%

Demand for housing

The number of house hunters registered per estate agent branch decreased in December, falling from 332 to 313. This is the lowest figure seen since June 2019 when there were 305 prospective buyers registered. Year-on-year, housing demand is up, rising from 304 house hunters per branch in December 2018.

Supply of available properties

The number of properties available per member branch rose from 39 in November, to 41 in December. This is the highest seen since August 2019 when it stood at 44. Year-on-year, the supply of housing is down marginally, falling from 42 in December 2018.

Mark Hayward, Chief Executive, NAEA Propertymark comments: “After a period of suppressed market activity due to Brexit and political uncertainty, the clear outcome of the General Election in December has injected some much-needed confidence into the market.

“Despite it typically being a quieter time of the year seasonally, our figures have shown positive trends with both demand and the number of sales being high in comparison to previous years, as both buyers and sellers no longer hold off on their plans. This is an encouraging close to the year and we hope to see more of this stability in 2020.”

To speak to one of our team here at Belvoir Liverpool Central call us on 0151 231 1613, email liverpoolcentral@belvoir.co.uk or visit our office located at 20 sir Thomas Street, Liverpool, L1 6BW.