Valuation activity indicates growing market confidence

Valuation activity has risen by over 50% on November 2008, according to the latest data from Connells Survey & Valuation.

The firm reports that growing confidence in the housing market has been mirrored by a marked rise in the number of valuations for home purchase. It believes this suggests that 2009 will end on a much more positive note than 2008.

In October and November alone, the number of valuations conducted was higher than the whole of the fourth quarter of 2008.

Ross Bowen, managing director for Connells Survey & Valuation, said: “Despite fears over the effects of rising unemployment and an uncertain economic backdrop