Valuation activity rises in 2016

scotland-rent-houseThe overall valuation activity in UK housing market is increased in 2016 January by more than half on annual basis, according to the latest research. In total, the number of housing valuations carried out in January climbed 52% compared to January 2015. Month-on-month valuation activity across all housing sectors grew by 13% between December 2015 and January 2016, according to the data from Connells Survey & Valuation.

John Bagshaw, corporate services director of Connells Survey & Valuation says: “Buy to let investors and remortgaging landlords have enjoyed a busy start to the New Year. The firm’s report shows that the buy to let and remortgaging sectors were the key drivers behind the strong growth of overall housing activity in January. Meanwhile, first time buyers are also getting confident as the number of affordable homes being built is gradually increasing. The interest rates will remain at bottom levels for the foreseeable future which will certainly boost the market further.”

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