Residential demand down and landlords leave: Propertymark
NAEA and Arla Propertymark have released their respective yearly overviews, revealing that in 2018, housing demand fell and BTL landlords left the property market.
Regarding the former point, NAEA’s report shows that during this year, there were an average of 324 house buyers registered per branch monitored. During 2017, this number stood at 366, meaning a drop of nearly 13 per cent. The report adds that in 2008 there were 222 per branch.
Sales agreed per branch also fell, from an average of nine per month last year to eight in 2018. However, the number of properties available remained at similar levels to last year: in 2018 there were an average of 39 up for grabs in each branch compared to 38 last year. Again, Propertymark has provided a comparison to last year: in 2008, there were 89 properties available per branch.