Number of valuations up by a third

According to chartered surveyors Connells Survey & Valuation the number of valuations has increased by 33% from last year.

This increase was despite a small dip in valuations during November.

John Bagshaw, Corporate Services Director of Connells Survey & Valuation, said:“Despite a slight monthly dip, progress since the start of the year has truly transformed the housing market, and cautious optimism for 2014 seems more appropriate than most would have hoped for even a few months ago.

“Activity is pumping through the arteries of the property market once again. Both phases of Help to Buy are now having some impact, and economic life is seeping back — even to the outer corners of the UK.”

A number of these valuations related to remortgaging with activity up 65% year-on-year. First time buyer activity was the second fastest type of annual growth with valuations on behalf of first time buyers were by 40% year-on-year.

Today's Conveyancer