UK residential property market activity strong as valuations rise

Last month saw the strongest activity on record for property valuations in any month since 2007, up 36% on a monthly basis and annual growth of 42%, new data shows.

After a 36% increase in activity on a monthly basis, the total number of valuations carried out in March 2015 has grown by 42% compared to March 2014.

First time buyer activity increased by 33% in March compared with the previous month and was up 40% from the same month last year, according to the latest research from Connells Survey and Valuation.

Activity on behalf of those further up the property ladder also saw rapid growth, but at a slower pace than for first time buyers. Valuations on behalf of established home movers picked up by 32% on a monthly basis and by 23% over the last 12 months.

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