NAEA details benefits of low mortgage interest rates
Confidence in the property market is being partly fuelled by the fact mortgage interest rates are at "historically-low levels", according to the chairman of the National Association of Estate Agents (NAEA).
Gary Smith said that the low cost of home loans and realistic house prices can help lead the UK out of recession.
His comments come after the NAEA published its latest housing survey, which indicated that the average estate agent in the UK sold ten properties in May - a 30 per cent increase compared to the same month last year.
The average agent had 299 home hunters on its books during the month, which was an increase of 34 and 52 on April 2009 and May 2008 respectively.
Mr Smith said that the latest figures were good news for both the housing industry and the overall economy.
Last month, NAEA chief executive Peter Bolton-King welcomed a return of confidence in the property market.
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
Gary Smith said that the low cost of home loans and realistic house prices can help lead the UK out of recession.
His comments come after the NAEA published its latest housing survey, which indicated that the average estate agent in the UK sold ten properties in May - a 30 per cent increase compared to the same month last year.
The average agent had 299 home hunters on its books during the month, which was an increase of 34 and 52 on April 2009 and May 2008 respectively.
Mr Smith said that the latest figures were good news for both the housing industry and the overall economy.
Last month, NAEA chief executive Peter Bolton-King welcomed a return of confidence in the property market.
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
