Housing market enjoys a bounce

Picture: Malcolm Wells

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THE property market experienced its traditional new year bounce with the number of house-hunters reaching a six-month high in January, research has indicated.

The average number of potential buyers registering with estate agents jumped to 252 during the month, up from 227 in December, although the figure was 13 per cent lower than January last year, says the National Association of Estate Agents.

There was a slight increase in the number of homes on the market, with the average estate agent having 69 properties on their books, compared with 64 in December. The group said the increase in activity had been caused by a backlog due to the freezing weather in December.