September valuations up following dismal summer
In September, the total number of residential valuations conducted by Connells rose by 30% compared to August, though the total number of valuations in the month was still 4% lower than in September 2011.
“The housing market tends to pick up pace in September,” said John Bagshaw, Corporate Services Director of Connells, “entering peak season as the school holidays end and buyers return from their summer hiatus. However, in the context of a sluggish summer, exaggerated by the distraction of the Olympics, the strong uplift in activity demonstrates the underlying demand from buyers despite continued challenges in the economic environment.”
First-time-buyer valuations were up 38% on a monthly basis, while buy-to-let showed the lowest month-on-month growth.estate agents, moving house, real estate
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