NAEA Propertymark: Home sales reach 13-year high

27 August 2020 | General

NAEA Propertymark agreed 13 sales per branch in July, the highest figure recorded since June 2007, the estate agent’s July Housing Report has found.

This marks a 44% increase from the nine sales recorded per branch in July last year.

Mark Hayward, chief executive, NAEA Propertymark, said: “It’s positive to see the market continuing to boom with clear interest from both buyers and sellers.

“Usually we would expect to see a lull in activity during the summer months; however, demand remains unabated with no signs that this will not continue.

“With the recent stamp duty holiday announcement, we expect the housing market to remain busy throughout the rest of the summer.”

One in eight properties sold above the asking price.

This post has originally been featured in Property Wire.