Housing Market Slows As Homemover Figures Slump

Valuations from home sellers have fallen steadily from 45% of the market in May 2010, down to just 27% in May 2017 as homeowners lack incentives to move, according to data from Connells Survey & Valuation. The research shows that a shortage of homes on the market, Stamp Duty impacts at higher levels and the extended economic uncertainty have discouraged homeowners. Conversely, remortgaging now represents 23% of all valuations – a 2 percentage point increase month-on-month and a record for May. Read more on the Financial Reporter website.