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Hennessy Bowie & Co has been practising in Bishopbriggs for some twenty five years, principally in the areas of domestic conveyancing, commercial conveyancing, commercial leasing, executries and matters relating to care for the elderly,

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Positive signs in the housing market

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There has been an 8% increase in the average number of house hunters registering with estate agents in April (310 house hunters per branch) compared to March figures (286 house hunters per branch), according to the latest National Association of Estate Agents' (NAEA) housing market report.

The number of sales during the month of April also increased, with an average of nine sales recorded per branch, which is up slightly from eight in March and is the highest number of average sales recorded since June 2011, when there were nine. The percentage of overall sales to first-time buyers (FTBs) also increased from 19% in March to 23% in April.

Meanwhile, for the third consecutive month, the supply of homes increased slightly, with the average number of properties available per branch increasing from 60 in March to 61 in April.

"Our figures show positive movement in the housing market, with consecutive monthly increases in house hunters, sales and supply. The warmer months are traditionally a popular time for house hunters, and we're pleased to note strong activity again at this point in the year,” said Mark Hayward, managing director of NAEA.

"Lower lending rates combined with a host of Government backed schemes and a wider variety of mortgage products has helped push the market in the right direction.  It is also pleasing to see the jump in numbers of first-time buyers purchasing homes as they take advantage of the low rates and help."

"The strong house sale numbers should be encouraging for potential home sellers who may have been biding their time due to previously fluctuating market conditions," he concluded.

Contact Us
For advice on buying or selling your house in Bishopbriggs or Lenzie, please call us on 0141 775 0005 or click here to make an online enquiry.

Hennessy Bowie & Co has been practising in Bishopbriggs for some twenty five years, principally in the areas of domestic conveyancing, commercial conveyancing, commercial leasing, executries and matters relating to care for the elderly.

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