CPS Homes

Interest in housing market increasing, study shows

The number of people considering buying or selling was higher than expected in the first two weeks of the year.

The housing market has received a boost as more people become interested in buying and selling, research has indicated.

According to the National Association of Estate Agents (NAEA), there was a surge in enquiries in the first two weeks of January.

President of the organisation Mike Jones suggested the findings show there is "renewed confidence" in property, predicting positive sentiment will remain over the next few weeks.

"The market appears to have experienced a jump start to 2011," he said. "We are hopefuly that this strong start to the year will continue into February."

Nearly 700 estate agents were polled and almost 60 per cent reported interest froms potential buyers being higher than expected for the time of year, with a quarter stating it was consistent.

Earlier this week, the NAEA noted inclement weather meant the number of house sales in December was lower than any month since January 2003.

Article from houseladder.co.uk

20 January 2011

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