'Demand for property exceeds supply'

Posted: 06 Nov 2009 09:36:26 GMT

Demand for property in the UK is exceeding supply, according to the latest National Association of Estate Agents (NAEA) monthly survey of the housing market.

This would suggest that now is a good time to be putting a house or flat up for sale.

People looking to become vendors may consider placing their property for sale on internet sites, which could lead to a quick and easy sale.

Meanwhile, the NAEA research indicates that the average estate agent branch in the UK had 287 house hunters on its books in October and 57 properties listed for sale.

It also shows that the gap between asking and selling prices dropped from 10.9 per cent in September to 8.8 per cent last month.

Earlier this week, the Halifax House Price Index revealed that the typical home in the UK was worth £165,528 in October - up 1.2 per cent month-on-month.


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