May saw an acceleration in property valuations for buy to
let landlords, while first time buyer activity has retreated, according to the
latest research. There were 33% more buy to let valuations conducted in May
than at the same time last year. Conversely, valuations for first time buyers
declined by 4% over the same period, the data from Connells Survey and
Valuation shows. On a monthly basis, May’s buy to let valuations were up 3% on
April, while valuations for first time buyers fell 2% between the two months
and the buy to let market is booming. Meanwhile, valuations for those existing
home-owners looking to move to a new property posted a 4% increase since April.
Read more on the Property Wire website.
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