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Public fear over home values skyrockets.
The credit crunch and current uncertainty in the UK housing market has led to a surge in interest in property valuations according to leading property website, Mouseprice.
Mouseprice.net, the UK's most visited property valuation website, has today reported a dramatic 300 per cent increase in the number of people checking the value of their home compared to the same time last year.
Some market commentators have suggested that as the number of housing transactions decreases dramatically, general interest in property will fall as well. However Mouseprice.net, which provides free instant online valuation estimates for every property in the country, has today provided this evidence to the contrary.
"Despite a significant drop in property transaction volumes, interest in house prices amongst the general public has increased massively. This concern appears to be much more widespread than originally anticipated. With no immediate signs of recovery, the desire for housing related information is bound to remain high."
– Selwyn Lim, Mouseprice director
Mouseprice has also reported rapidly growing interest in its email update service, which provides free valuations each month direct to users’ inboxes, as well as the latest market transactions in local areas.