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September valuations up following dismal summer

Alex Johnson

33f5b39b467954520903d80dcb6f611fbe2c0057 300x199 September valuations up following dismal summerThe valuations market looked healthier in September, following a weaker performance in August and July, according to the latest figures from Connells.

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.

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