Demand for houses jumps as sellers get real on prices - Property, House & Home - The Independent
There is some much-needed good news for the property market today as estate agents report a rise in demand for housing. According to the latest survey of estate agents by Hometrack, demand climbed 10.6 per cent in June.
However, tempering any euphoria is the fact that average property prices today are 3.9 per cent lower than at the same time last year, according to the research.
The property analytics business says the improvement in sales volumes is mainly because of a bounce back in activity following a subdued May. But Richard Donnell, director of research at Hometrack, said it was also a reflection of lower prices and greater realism by sellers.
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