There are plenty of potential property buyers searching the market for homes, it has been suggested.

National Association of Estate Agents (NAEA) figures indicated that the average estate agent in the UK had 299 house hunters on their books in May - and the group's chairman Gary Smith thinks that this is good news for the housing industry and the general economy.

Although the research does not distinguish which buyers are private landlords, it does indicate that the average agent sold ten properties during the month.

This is the same number reported in the previous month, but 30 per cent up year-on-year.

Mr Smith said: "With mortgage interest rates at historically low levels and prices now far more realistic than in previous years, homeownership in the UK seems to be set to lead the way out of the recession."

NAEA chief executive Peter Bolton-King recently welcomed the increased confidence shown in the property market.

Written by Mark Garner

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