NAEA hails property market strength

The National Association of Estate Agents (NAEA) has said its monthly survey for September indicates that the property market recovery is continuing.

It pointed to a rise in the number of househunters per estate agent from 238 in August to 294 as evidence of a continued upward trend.

The NAEA also noted that sales per branch rose during the period from 7.6 to 8.5.

According to the body, such figures give a “reassuring” indication that the market has come through a commonly quiet period in the year in good shape.

It also said that the first-time buyer share of the market was “reasonable”, despite a dip from 36 per cent in August to 26 per cent.

September was a period in which house prices rose, two recent surveys have indicated.

According to Halifax, the average sale value increased by 1.6 per cent, while Nationwide recorded a 0.9 per cent jump.

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