Thursday, November 8, 2007
Are they seriously blaming an impending collapse on a 300 quid survey?
A survey of members conducted by the National Association of Estate Agents (NAEA) has produced the largest response ever to one of its surveys with over 1000 replies indicating what a contentious issue HIPs still are.Over the past 10 days members were asked to compare the market this October to the same time last year. The results show that 83% of agents have found that requests for market appraisals have dropped with 9% of respondents finding a reduction of more than 50%. When asked about the change in the number of instructions for 3 or more bedroom properties, a staggering 76% stated that they had seen decreases in excess of 10% of which 46% had seen a drop in excess of 30%. This compares with a much smaller reduction for 1 or 2 bedroom properties with 37% of respondents finding a dr