Friday, 8 September 2006NAEA RESPONSE TO HALIFAX AUGUST HOUSE PRICE INDEX
Charles Smailes, President of the National Association of Estate Agents (NAEA) comments:
“I am pleased to see the Halifax figures confirm our reports of a steady housing market, strong enough to absorb the quarter per cent rate rise in August as the NAEA forecasted. However if interest rates rise again before the end of the year, which they are predicted to do, this will undoubtedly contribute to a slow down in the wider housing market at a traditionally sluggish time of year in estate agency. A rise would also put undue pressure on income budgets before the Christmas period, which I am sure the Bank of England will bear in mind as it could have an adverse effect on the retail sector at this important time.”
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Editor Notes:
About the NAEA
The National Association of Estate Agents (NAEA) is the UK’s leading professional body for estate agency personnel, representing the interests of approximately 10,000 members who practice across all aspects of property services both in the UK and overseas. These include residential and commercial sales and lettings, property management, business transfer and auctioneering.
The National Association of Estate Agents is dedicated to the goal of professionalism within high street estate agency. Its aim is to reassure the general public that by appointing an NAEA member to represent them they will receive in return the highest level of integrity and service in both sales and lettings. Each NAEA member is bound by a vigorously enforced Code of Practice and adheres to professional Rules of Conduct. Failure to do so can result in heavy financial penalties and possible expulsion from the Association.www.naea.co.uk/news/housing_market |