10 Jan

Residential valuations heading up in number

Residential valuations heading up in number

The number of people living in residential properties across the country who are looking to sell and having their home valued as a result is on the increase, with the strength of the buy-to-let sector being credited with much of this rise.

According to the latest results from Connells Survey & Valuation, there has been a two per cent increase in the number of home valuations carried out throughout the final month of 2012.

And it said that this came in spite of the seasonal drop in activity of 15 per cent in the number of people looking at new homes. During the Christmas period, people traditionally tend to stay put rather than uproot their family during the festivities.

In total, the survey also showed that the number of houses being valued throughout 2012 was 12 per cent higher than in 2011.

John Bagshaw, corporate services director of Connells Survey & Valuation, said: "2012 was the best year for the valuations market since the credit crunch began. We usually see the market pause for breath in December, and this was certainly the case compared to November. But three months of annual growth in valuations show how the mortgage market is now making steady."ADNFCR-1222-ID-801520000-ADNFCR

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