Valuations rise by 50% since November 2008: Connells

The rise in the number of valuations for home purchase suggests that 2009 will end on a much more positive note than 2008. In October and November,40% more valuations were conducted for homeowners than in the whole of the fourth quarter in 2008. Valuations for buy-to-let investors have risen by 7% in October and November, compared with the Q4 2008, with transactions increasing by over a third on last November. Ross Bowen, managing director for Connells Survey & Valuation, said the upsurge in valuations conducted was another sign of the improvement in the market since 2008. He added...