46% of UK properties have been down valued since before Covid-19

46% of UK properties have been down valued since before Covid-19

Nearly half (46%) of buyers saw their prospective properties down valued by their mortgage lender, Bankrate UK research has found.

Buyers looking to purchase properties in Wales had the highest percentage of down valuations at 63%.
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Source: Property Wire



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This visual snapshot reveals how property values rarely move in unison. Some streets surge ahead, others advance more quietly, each following its own rhythm. It’s a reminder that markets are made of micro stories, where proximity alone doesn’t guarantee the same outcome.

An attractive and well-presented 2-bedroom end terrace, ideally positioned in central Attleborough. Recently redecorated throughout, the property offers a spacious lounge with French doors to a 30ft enclosed garden, a fitted kitchen, modern bathroom, and allocated parking, combining comfort with convenience.

Many Attleborough homeowners set out to move with optimism, only to find their plans stalled before they ever got going. The market has shifted, expectations have drifted, and ambitious pricing has quietly derailed countless moves. Understanding why this happens is the first step toward making your next chapter a reality.

The latest 0.25% interest rate cut may look modest on paper, saving the average variable mortgage holder around £31 a month, but its real influence runs deeper. Property markets are powered by confidence, and with mortgage rates easing and lenders competing again, sentiment is shifting. That change in mood is starting to matter.