Estate agents are reporting the lowest number of potential purchasers for 20 years. The National Association of Estate Agents (NAEA) reported the number of house buyers down from an average of 276 per agent in January to 243 in February 2008 – the lowest figure since 1989/1990.
The number of houses for sale and the number of first time buyers is also down, as the difference between advertised prices and house selling prices widened.
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