Abacus Daily Debt News

“Improvement” seen in the property market

There has been a "considerable improvement" in the property sector over the past few weeks, it has been stated.

Sales have been higher since the start of 2009 than were seen in preceding months, according to Richard Hair, past president of the National Association of Estate Agents.

He commented: "There is always a renewal in the market in January because it’s a new year, it’s a new market and things are always that bit more positive."

This could be good news for those looking to get onto the next rung of the property ladder.

And there has been increased demand from people looking to buy their first home, Mr Hair revealed, adding that this group may have found it harder to enter the market last year.

Recently, the Royal Institution of Chartered Surveyors’ UK housing market survey for January 2009 showed that interest in the sector has picked up, with 16 per cent more chartered surveyors reporting a rise than a fall in new buyer enquiries.

By Jamie Price