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NAEA confident about housing market future

There has been a "significant increase in demand" for properties in the UK, according to the National Association of Estate Agents (NAEA).

Gary Smith, president of the professional body for estate agents, said that this means there are "plenty of buyers out there".

His confidence in the housing market comes after the NAEA indicated that one in six agents in the UK have noted a 20 per cent increase in the number of sales boards across the country.

It also follows recent research from the group which found the average agent sold ten properties in May - 30 per cent more than in the same month of 2008.

The association's findings also suggested that there were more potential buyers registered with agents month-on-month and year-on-year.

Mr Smith said: "The NAEA calls on the government to further badger banks and building societies to respond to the opportunity to pull the situation around."

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