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Summer Lull Over As House Sales Jump Nearly 20%

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The summer lull is officially over as haart estate agents, part of the Spicerhaart group, reports a staggering 17.5% increase in September house sales compared with the same time last year. This reflects more realistic pricing and also the return of investors to the market.

Paul Smith chief executive of haart estate agents comments: “A 17.5% increase in house sales since last September is a great result. Sellers are now realising that they need to price their property realistically otherwise they will not achieve a sale. Since the last peak in January 2004 property prices have decreased by around 3.8%. Although house sales are down 10% from January 2004, with the readjusted house prices, buyers are returning with vengeance. We predict that house prices will now stabilise as the level of activity continues to pick up.”

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