UK Housing Market Sees Surge in Hopeful Sellers

UK Housing Market Sees Surge in Hopeful Sellers

Demand from buyers seems to be improving in the housing market, while house sellers are coming back to the market in significant numbers. The last year has seen a 25% increase in the number of new homes being put up on the market, according to the National Association of Estate Agents (NAEA).

Since the market is still considered sluggish, it is a welcome sight to see many new entries into the selling side of the market. This is taking place even though the recently added sellers realize that lowering their expectations of a high selling price is required.

The president of the NAEA, Michael Jones, discussed the encouraging news for the UK housing market, saying: "To see such a significant boost in activity amongst sellers compared with this time last year is encouraging news for the UK property market.”

He added: "The signs are that they are being more realistic about the price they can expect to achieve when they put their house on the market. This means that, on the whole, supply can meet demand levels, meaning a more stable market, for the short term at least."