UK demand for housing has dropped to a February 2019 low, giving first-time buyers (FTBs) an opportunity in the cautious market, according to figures from the National Association of Estate Agents. The number of prospective buyers registered per estate agent decreased 15% to 252 in six-year, its lowest level since July 2013, but purchases by FTBs reached a seven-month high thanks to the lack of competition. Spring would normally bring about increased activity in the property market, but the latest research suggests house hunters are hesitating as the date for leaving the EU approaches.
UK demand for housing has dropped to a six-year low, giving first-time buyers (FTBs) an opportunity in the cautious market, according to figures from the National Association of Estate Agents. The number of prospective buyers registered per estate agent decreased 15% to 252 in February 2019, its lowest level since July 2013, but purchases by FTBs reached a seven-month high thanks to the lack of competition. Spring would normally bring about increased activity in the property market, but the latest research suggests house hunters are hesitating as the date for leaving the EU approaches.