UK housing market activity bounces back.
Following May’s fall in sales, the number of properties sold in the UK during June improved significantly, as buyers and sellers looked to put through transactions before heading away on their summer holidays.
The National Association of Estate Agents (NAEA) reports that UK house sales increased last month. The average number of sales agreed rose from 10 in May to 11 in June.
There were 384 house hunters in June, up 10% compared with the 350 per branch a month earlier. This is also a 16% rise from the corresponding month last year when 330 prospective purchasers were registered.
But while there was a pickup in demand, the number of new properties on the market fell as homeowners opted against putting their properties up for sale, amid political and economic uncertainty.
The NAEA says that the number of residential properties available per branch fell from 40 in May to just 37 in June.
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