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Article: Estate agents are busy as more property comes on the market.(National Association of Estate Agents.)(Brief Article)
- Article from:
- Money Marketing
- Article date:
- February 24, 2005
CopyrightCOPYRIGHT 2005 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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January was busy for estate agents after a surge in property placed on the market and an increase in mortgage applications, according to the National Association of Estate Agents.
NAEA research shows that despite the post-Christmas rush to enter the market, house prices remain steady, averaging #209,561. Findings show only a 0.14 per cent monthly increase, meaning just a 1.11 per cent increase over the year. The average number of properties with an estate agent is now 75 compared with 38 in January 2004.
Last month was the first time that house prices had not fallen since May last year and the market barely slowed during Christmas as might ...