Housing market activity 40% above 2014 levels

Housing market activity in December was 40% higher than the same month in 2014 according to research from Connells survey & valuation.

The total number of valuations carried out in December 2016 was 8% higher than 2015 and 40% higher than in 2014.

The number of valuations conducted for those selling property increased by 25% between December 2015 and 2016, with activity among those looking to remortgage increasing by 19% in the same period.

John Bagshaw, corporate services director of Connells Survey & Valuation, said: “The housing market has been recovering since September and had a great December.

“With interest rates still at record lows, many buyers are taking the opportunity to buy property that would have been regarded as a bargain at that price just a couple of years ago.”

First-time buyers also saw their number of valuations rise by 26% on an annual basis.

Bagshaw added: “First-time buyers and people selling property have regained much of the confidence they lost in the wake of the Brexit vote.

“First-time buyers have also taken full advantage of government led schemes and incentives such as Help to Buy which have done a great deal for affordability.”

The buy-to-let sector has however had a turbulent year with valuations contracting 26% on an annual basis.

Whilst overall activity is up 40% the volume of property sellers is up 32% and activity in the first-time buyer segment is up 50%.

Bagshaw said: “Looking back over the year, the market has regained a great deal of its strength with consumers’ confidence on the mend.

“Rates are low and employment is high –that’s a great recipe for a healthy housing market.

“The buy-to-let market’s loss has been the owner/occupiers gain as those looking to get on the ladder or trade-up have been left facing less competition for the properties they want to buy.”


Mortgages – From 0.99%
Tax – 9 Tax saving guides
Energy – Compare & save £500+
Broadband-TV – Virgin Sky BT Plusnet

mortgageMortgages - Find cheapest. Rates from 0.98%. 1st time buyers, remortgages, self-employed, adverse & CCJ, Landlord buy to let. Compare now

mortgageSell or Let Property FREE on Houseladder 0% no fees. Free property advertising. List 1 to 1000 properties to millions of buyers and tenants. Upgrade to a Premium advert for only £30 and sell or let your property FASTER! Create Ad

make-moneyMake Money - Earn £250 to £2000+ per month part time. Get paid every month for work you do once. Work from home. Flexible hours. Free training. No experience needed. Major UK PLC company. Find out how >>

taxHow To Save Property Tax - Updated Sept 2017 “How To Save Property Tax” is widely regarded as THE tax bible for property investors. The 21st edition has just been published (Sept 2017) and is completely up to date. Read now


Written by: Houseladder