February house sales up in Camberley and Frimley

The National Association Of Estate Agents, say that house sales are up.  I must say that here in Camberley and Frimley we have seen  an increase in enquiries from local people here at Michael Usher Mortgage services www.mumsltd.co.uk

So I thought I would print some of their press release.

“Despite poor weather conditions throughout February, estate agents over the course of the month managed to increase the number of sales they agreed, report the National Association Estate Agents.

This increased number of sales can be explained in part by a time lag between the increased number of house hunters in January settling on a house purchase in February. The level of housing stock also remained stable this month which is another positive indicator of a strengthening market.

In addition to this, the FTB (first time buyers) segment of the market continued to fare well, with a slight increase on last month’s figures which brought them in line with the percentage of FTB buyers on the market this time last year.

The number of people registering with an agent dropped in comparison to last month’s figures. There are a number of reasons for this; the ongoing bad weather being an obvious barrier for many house hunters. February is also a tough month in terms of people receiving their credit card bills from Christmas.

The realisation of the end of the Stamp Duty holiday may also be a contributory factor. To conclude, February was relatively stable and continued to suggest strength in the gradually improving housing market

NUMBER OF HOUSE-HUNTERS

The number of house-hunters registered per branch decreased from 291 in January to 258 in February. This month’s figure is not totally unexpected, with the continuing bad weather making it difficult for people to attend viewings.

Many people are also receiving their credit card bills in February for their Christmas excesses which is likely to deter some house hunters from registering.

Even though it is the lowest figure recorded over the last 12 months, it isn’t a true reflection of the current level of demand. Levels are expected to pick up amongst house hunters as the weather improves”.

So as you can see, the estate agents are confident and so should we be as home owners, that the value of our property in Surrey is in demand should we decide to sell and other recent data suggests that the value in property has increased in the last 6 months.

Michael Usher Member SHBN
www.mumsltd.co.uk

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