The number of house sales in the UK increased slightly during October according to estate agents, showing that serious house hunters remain active in the property market.
The October 2012 Housing Market Report from the National Association of Estate Agents (NAEA) revealed the first increase in house sales in a year as parts of the property market show signs of a moderate recovery. Agents recorded an average of eight house sales per branch, up from seven in the previous month.
Mark Hayward, President of the NAEA said: “We last saw sales figures this high during a small peak of activity in October 2011. The determination of some serious house hunters to secure their property is leading to this gradual and moderate recovery in the number of sales our members are seeing.”