FTB activity in March the strongest in six years!

Housing activity in March has picked up, with valuations activity returning to levels not seen since March 2007, according to the latest Housing Market Activity Report by Connells Survey & Valuation.

The total number of residential valuations conducted in March showed growth of almost a quarter (24%) from the same month last year. This represents a sixth consecutive month of annual growth.  On a monthly basis, the number of valuations grew by 29%.

First time buyer activity in March was also the strongest for six years, as 26% monthly growth brought the number of first time buyers to the highest level since March 2007. Of all sub-sections of the market, valuations on behalf of new buyers showed the fastest year-on-year growth, at 33%. This represents the seventh successive month of annual growth for first time buyers.