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4th Sep 2009
First-time buyers up 36% in August
First-time buyers up 36% in August
The National Association of Estate Agents Monthly Market Survey for August shows the number of first-time buyers increased by 36% in August.
The number of house hunters registered with estate agents decreased from 292 in July to 238 in August while the number of sales agreed per branch decreased from an average of nine in July to eight in August.
And the average number of properties available for sale also increased from 59 in July to 64 in August.
The NAEA says while August saw a decline in the number of registered house-hunters, this was expected for the summer holiday season and despite this sales remained relatively strong.
Particular positive market indicators include the continued presence of first-time buyers.
The NAEA says this is the sector that often forms the basis of chains and if sustained will lead to a general improvement in the market. As predicted by the NAEA over the past two months, the number of houses available to stopped falling and registered its first rise since April 2009.
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