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Holbrook and Co - Specialists in helping people buy, sell and mortgage property

Sales agreed rose to a 10 year high in February

The number of sales agreed rose to a 10 year high in February, according to figures from the NAEA. However the proportion of sales which were agreed for first-time buyers dipped to 22% in February, down from 30% in January.

The number of properties available to buy on estate agents’ books has increased by 26% from last February. However despite strong sales figures, only 7% of estate agents expect the remedies outlined in the Government’s Housing White Paper to be enough to ‘fix’ the housing market. 43% don’t think will make a difference while 39% think the proposals could positively impact the market, but can’t yet tell how.

The housing market is moving in the right direction. However, FTBs need to be a priority – the number of sales made to the group dipped when it should be growing. As house prices continue to rise, the market’s most vulnerable buyers are being priced out and the only way to address this is to increase housing stock. The Government have pledged yet again to build more homes, but our members aren’t feeling optimistic about the plans. If promises are kept and we see construction sites set up across the UK, we’ll be in a better position in a few years than the stark reality we will be facing if this doesn’t happen.

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Holbrook & Co
Palmyra Square South
Warrington, Cheshire
WA1 1BL 01925 444422
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