August was the fourth consecutive month for annual growth in housing market activity, with increased remortgaging activity supporting the stronger performance of valuations during the month, according to latest research by Connells Survey and Valuation.
The total number of residential property valuations conducted in August was 6% higher than a year ago. Despite a seasonal month-on-month dip of 5% in August, caused largely by the impact of summer holidays, the total number of valuations conducted has risen by 17% compared to August 2008.
In August remortgaging activity showed the most significant improvement, rising by 6% compared to July. This represented an increase of 64% compared to last August.
Ross Bowen, managing director of Connells Survey and Valuation, said: “While we are still seeing much smaller volumes than two years ago
