In a new report, the Bank of England notes a “modest” increase in housing market activity since the start of the year, beyond what was expected. However, according to the Bank’s agent contacts, the market has been catching-up from a particularly subdued late 2011 while being bolstered by the ending of the stamp duty concession, [...]
National Association of Estate Agents
Housing market horizons end with stamp duty concession
In a new report, the Bank of England notes a “modest” increase in housing market activity since the start of the year, beyond what was expected. However, according to the Bank’s agent contacts, the market has been catching-up from a particularly subdued late 2011 while being bolstered by the ending of the stamp duty concession, [...]
First-time buyer numbers fall
Sales to first-time buyers fell to their lowest level in almost three years during October, according to the National Association of Estate Agents (NAEA). During the month, only 16% of transactions involved those new to home ownership, compared with 22% in September. The last time agents reported such a decrease was in December 2008, when [...]
