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More people 'seeking new homes'

The number of people looking to invest in a new home has increased, according to the latest statistics.

Figures released by the National Association of Estate Agents (NAEA) show that an average of 308 prospective home buyers were on the books of estate agent branches in September, compared to 304 in the previous month.

September 2007 marked the last time an average reading this high was recorded among estate agents by the NAEA.

The association's president, Wendy Evans-Scott, said the figures offer some encouragement.

However, she added: "Sellers need to be very realistic when pricing their property in order to secure a sale in what is still a very cautious market."

While mortgages have proven hard to come by for some potential homebuyers in recent times, the NAEA research reveals that sales still stood at around eight per branch in September.

Copyright © Press Association 2011

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