Led by the remortgage sector within the UK housing market, long term growth is now being considered strong and vibrant, according to the latest opinions to surface from those close to the market. It appears growth in the sector coupled with activity in the buy to let sector has enabled the market to see less impact from a natural slowdown which takes place after the beginning of the New Year. This has led many to believe the market is set to continue on a path of positive growth for some time.

During the last three years, every year has posted a decrease in valuation volumes, according to data from Connells Survey & Valuation. This is demonstrated in the data from March to April of last year in which overall valuation fell by more than 30%. This is more than 10% greater than during the same period this year.

The remortgage sector has shown not only great resolve, but strong growth in leading the market to its position today.

John Bagshaw of Connells commented on the latest released data, saying: “The monthly downturn the valuation sector has experienced overall is a reflection of an historic trend which sees housing activity typically sink somewhat after a New Year surge.

“However, this year’s dip has not been as protracted as that of previous years, a sign the property market is becoming robust enough to endure these cyclical market forces. The longer term picture is even more positive. As house prices continue to rise and interest rates remain at record lows, ever more people will be drawn to the property ladder.”