21
Jan
NAEA identifies positive market moves
The property market is showing some positive signs of recovery, the
National Association of Estate Agents (NAEA) has commented.
Reflecting on figures from the Council of Mortgage Lenders (CML)
showing an 11 per cent fall in lending between November and
December, the NAEA said the statistics were "disappointing but not
unexpected".
"However, NAEA members reported a slight upturn in activity towards
the end of December, with both buyers and sellers showing an
increase in interest," a spokesperson noted, adding that they have
also seen signs of an improvement in January.
Increased market liquidity is required to turn this situation into
a clear recovery, the NAEA concluded.
Commenting on the CML findings, the body's director general Michael
Coogan said this week's government package to help financial
institutions lend more needs to be set up to enable a wide range of
lenders to make use of the measures.
