The UK's property market is in a "far stronger"position than it was 12 months ago, according to the president of the National Association of Estate Agents (NAEA).

Gary Smith has suggested that the sector has shown "continuous improvement"over the last few months, ahead of an expected summer dip in activity.

Private landlords and other homeowners may also have benefited from the record low interest rate of 0.5 per cent since March.

His comments come after the NAEA revealed that the difference between asking and selling prices was 1.9 per cent in June, meaning original valuations were much closer to being met than in May.

It also found that the average agent sold ten properties for the third consecutive month in June.

Mr Smith said there are a number of ways to boost the housing market and explained: "The government should scrap home information packs and must pressure banks to ensure lending is available."

He added that "there is demand for property"and the NAEA's members are finding homebuyers for their individual clients' properties.

Written by Mark Garner
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