Activity for Valuers Soars in a Year
By |Published On: 18th August 2015|

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Activity for Valuers Soars in a Year

By |Published On: 18th August 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Activity for Valuers Soars in a Year

Activity for Valuers Soars in a Year

Valuers have experienced a busy summer, indicating healthy sales pipelines.

Connells Survey & Valuation states that its valuation activity in July was 57% higher than July last year.

Although there was a seasonal monthly drop of 24% in July compared to June, valuation activity for first time buyers rose by 40% on last year, by 48% for home movers and up a huge 76% for buy-to-let purchasers.

Ahead of the imminent base rate rise, remortgaging activity also soared by 75% compared with July 2014.

Corporate Services Director of Connells Survey & Valuation, John Bagshaw, says: “Housing market momentum is only getting stronger. Moreover, the yearly figures indicate that first time buyers are showing no real hesitancy in getting on the ladder.”1 

Comparing this year’s 57% growth to last year, July 2014 saw valuations drop on a monthly basis to 21%, but rose by only 14% annually, compared to July 2013.

1 http://www.propertyindustryeye.com/busy-summer-for-valuers-as-activity-soars-on-a-year-ago/

 

 

 

 

 

 

 

 

 

 

 

 

 

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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