Nottingham Letting Agent Property Blog

According to the latest Housing Market Activity Report by Connells Survey & Valuation, the number of valuations in the UK increased annually in October due to a year on year improvement in the number of first-time buyers. The number of residential valuations carried out in October was 7% higher on an annual basis, as there was a smaller than normal seasonal monthly contraction compared to September. Although activity levels fell by 8% on a monthly basis, this is much smaller than normal, as the average monthly decline between September and October has been 23% since 2007.It's hoped the government's Funding for...

A new report from Connells showed the number of valuations carried out last month increased by more than a third compared to August, and during the third quarter there were 11% more valuations than during the second quarter. If these figures are assessed annually, they appear far more impressive as the annual growth was 63% compared to September 2010, although during that month mortgage lending was at its lowest level since 2000.According to Connells the mortgage market has improved over the past few months in spite of continuing economic troubles, and it expects the remainder of the year to prove reasonably...

According to a Connell's survey on housing market activity, mortgage valuations were virtually unaffected during August and were just 4% lower than July. They would normally decline by an average of 9% during July and August, but the number of valuations showed a year on year increase of 49% giving them their busiest August since 2007. Although the economic situation is still somewhat wobbly, the remortgaging market is doing well, and activity has increased month on month, and compared to August 2010 has increased by 108%.It doesn't look as if interest rates will be increased for the foreseeable future, and even...