More evidence of confidence returning to property market

News Category: Industry News

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The National Association of Estate Agents (NAEA) has claimed that recent figures show "confidence is returning" to the property market.

It comes as the NAEA reported that the average estate agent in the UK sold ten properties in April, which was up from March's figure of eight.

Properties sold for letting purposes were no distinguished, but the professional body for estate agents' chief executive Peter Bolton King thinks the figure is positive for the whole industry.

"Six months ago people were talking about how British people's attitude to owning property had changed in the recession," he explained.

"The NAEA always said that this was nonsense, and that demand for property remained strong, but confidence in the market had gone."

Would-be landlords looking to buy property to rent out are likely to have a number of new regulations to contend with after the government last week announced various proposals - including a landlord register - to help monitor the sector.

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