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Housing market still moving despite Brexit, says NAEA Propertymark

NAEA Propertymark has just issued its December Housing Report, which found that sellers continued to market their homes in December and the supply of available housing at each estate agent branch increased by 20% from 35 in November to 42 in December. This was the highest level seen for the month of December since 2014.

Regarding demand, in December the number of house hunters registered per estate agent branch increased by 8%, from 282 in November to 304. Year-on-year, demand is up 13%, from 268 in December 2017.

The number of sales agreed per member branch fell from nine in September to eight in October, seven in November and just five in December 2018.

Mark Hayward, chief executive at NAEA Propertymark said: “This month’s findings prove that despite the current political climate, people still want to move. There is movement in the market with demand from house hunters up 13% year-on-year, and the supply of available properties also rising. Although the number of sales agreed hit a 12-month low, this is something we always see in December, with Christmas festivities typically taking priority over any plans to buy or sell.”

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