The vast majority of property professionals feel more must be done to boost the flagging housing market. More than half – 54 per cent – of estate agents surveyed said they did not have confidence in current Government policies and that more must be done, including a suspension of stamp duty. In addition, they called on the Bank of England to further cut interest rates.

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Following the publication of the Rightmove Property Asking Prices Survey, Chris Brown, President of the National Association of Estate Agents, said:

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The National Association of Estate Agents (NAEA) has called on the Government to use its Pre Budget Report to help thousands of young people currently priced out of the housing market.

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Following the Bank of England Monetary Policy Committee’s decision to cut interest rates by 1.5 per cent, Melfyn Williams, Past President of NAEA called for the banks to pass on the interest rate cuts to customers.

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Without evidence that lenders are prepared to increase lending, the scale of the housing market downturn is likely to accelerate in 2009, according to new research commissioned by the National Association of Property Professionals, NFOPP, for the NAEA.

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Members of the National Association of Estate Agents (NAEA) reported that the housing market in September still provided challenging times for its members but that the re-emergence of first time buyers may be the first sign that the recent Government intervention is beginning to work.

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The National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), has said it is relieved at the Bank of England’s decision to reduce interest rates by 0.5%.

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A recent survey asked estate agents what they believe is the best way to increase the saleability of a home with an emphasis on the smaller, overlooked factors, which can make a massive difference when encouraging the sale of your home.

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Members of the National Association of Estate Agents (NAEA) reported last month that the housing market was clearly faltering under the strain of the Government’s indecision over stamp duty combined with the usual holiday slowdown and the current overcast economy.

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With the current state of the market, home owners are losing confidence and as a consequence want to make the most of their current home. According to a recent survey conducted amongst NAEA members, 92% agreed that adding an extension can potentially increase the value of a property.

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