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Property sales start 2006 on high

Following a difficult year, the housing market appeared to be back on track by December 2005, with sales figures up on the same period in 2004. The National Association of Estate Agents’ (NAEA) housing market survey revealed healthy sales leading up to and over the Christmas period.

Consumer confidence appeared to be increasing, as estate agents across the country reported record Christmas sales. Buyers who saw an opportunity or who needed to purchase before Christmas helped push sales through.

The number of sales agreed actually decreased between November and December – from 11 per agent to 8 ­– but this was in line with expectations, traditional for this time of year. But the market was still healthy, with sales up 33.3% compared with the previous December, when the survey recorded an average of six sales per agent.

There was further good news for sellers as the number of viewings per sale decreased for a second month running, down from 12 to 11 in December, as buyers either hurried to move in before Christmas or secure a property before the year end.


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