Housing Report – January 2018


Key Findings

  • The number of house-hunters looking for new homes rose by 37 per cent in January
  • In line with this, the supply of available properties and the number of sales agreed also increased
  • Increased competition stifled first-time buyers (FTBs) as sales to the group fell

Demand for housing

  • 2018 started with a boom for the housing market, as demand from prospective house-hunters increased by more than a third (37 per cent)
  • In December, agents registered 268 per branch, compared to 367 in January
  • This is the highest figure since September 2017, when there were 394 registered per estate agent branch.

Supply of properties

  • In line with rising demand, January saw an influx of sellers marketing their properties – the supply of available properties increased to 36 per branch on average, from 33 in December.

Sales to first-time buyers (FTBs)

  • Earlier this month, UK Finance reported that sales to FTBs in 2017 were higher than any other year since the financial crisis
  • However, increased competition moving into 2018 looks to be affecting the group with sales falling to 27 per cent in January, from 32 per cent in December.

For the full article, please click here

Source: NAEA Propertymark