Should a Down Valuation Be Seen as a Negative or a View on the Current Market Value?

A recent report from HBB Solutions highlighted that almost half of UK property transactions were down valued during the pandemic. Based on the UK House Price Index data from HM Land Registry, around 866,906 out of a total 1.95 million property transactions may have been down valued between January 2020 and January 2022.

Wales had the most down valuations, impacting around 63%. England and Scotland came to 45% and 31% respectively. This was followed by London at 59% and Yorkshire with 58%. The Southwest, East Midlands and East England had the lowest proportion of down valuations at 26%, 27% and 31% respectively.