Printer Friendly

Call for more new housing.

THE National Association of Estate Agents is calling for more houses to be built.

Wendy Evans-Scott, president of the NAEA, said: "Supply remains a huge issue with latest Government figures showing fewer homes are being built.

"We support recent industry calls from groups like the National Housing Federation and Shelter for more housebuilding.

"The Newbuy housing scheme goes some way to assisting house-hunters, but this is limited to new homes only.

"The Government needs to finally tackle head-on the problems facing the industry; as the UK re-enters recession, and uncertainty remains across the Eurozone, measures need to be taken to restore confidence in a market so crucial to the UK's recovery."

The housing market slowed down last month as demand for property declined, with little improvement in the number of house sales.

The National Association of Estate Agents' market report for April shows that despite the Easter holiday - traditionally a period of increased buyer interest - home buying activity fell, with only a slight rise in the supply of housing.

Only 294 househunters registered with an estate agent in April compared with 297 in March. This compares with some 348 house-hunters on average five years ago, in April 2007.

The number of homes on the market increased by just one per branch, from an average of 61 homes in March to 62 in April.

The number of sales made during the month remained in-line with figures recorded in March 2012, with an average of 7 sales per branch. This was also the case with the first-time buyer market, which accounted for an average 24 per cent of overall house sales in both March and April 2012.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Huddersfield Daily Examiner (Huddersfield, England)
Date:May 24, 2012
Previous Article:Global warming to hit energy bills.
Next Article:Light at the end of the developer's tunnel.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters