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The National Association of Estate agents reported interest up 20%

The NAEA reported a 20% increase in enquiries last month. The figures are also supported by property websites such as welcomehome.co.uk that have seen a similar surge in traffic.

The surge in interest is part due to the government cutting interest rates and forcing them to reduce the cost of mortgage borrowing.

Santander the owner of the Abbey mortgages are a good example of lenders now bringing down the cost of borrowing when they introduced their new range of mortgages late in February.

It is yet to be seen if the interest is translating into sales a number of agents are much happier than they were in the autumn.

13 March 09

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