Property market update

Manns and Manns

Property market update (June 2019)

Key points:

• Demand from prospective buyers reaches eight-month high in May
• Supply of available housing increased to the highest level seen since December 2018
• The number of sales agreed has increased for the second month running

General review:

After a fall in demand in April, the number of house hunters registered rose by a sixth (16%) in May. This is the highest level recorded since September 2018.

The number of properties available increased in May, the highest level seen since December 2018. Year-on-year the supply of housing has increased.

The number of sales agreed has increased for the second month running. This is the highest level of sales since September last year.

Year-on-year, the number of property transactions has increased.

In general, the number of sales made to first time buyers in May decreased marginally, falling from 27 per cent in April to 26 per cent.

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