According to a recent study conducted by ICM and commissioned by eMoov, it was found that homeowners are becoming somewhat obsessed with checking their property value online.  Some have even admitted to checking on the changes of their property value on a daily basis.  It is simplified due to the many online property listers such as Zoopla and Rightmove that offer estimates for a property’s value according to recent sales in the same area.  Others are checking with the Land Registry listing and there are apps that assist homeowners in discovering an estimate to their property’s value.

The survey revealed that almost a third of property owners polled check their property value at least once every two months.  The reasoning behind the frequent checks is as varied as the unique need for the information by each and every homeowner.  Some want to make sure they are going to be getting a fair deal should they decide to sell, others want to see their investment gain and others are looking to see their equity build to a level that they can take out cash from a remortgage or gain a lower interest rate.

The most obsessed homeowners were in London where property values have been on a consistent rise.  There 57% of homeowners checked the value every two months and 24% checked every week.  Those in the North East checked their property values at a rate of 36% checked once every two months while 9% checked every week.  Still there are others that admit to checking every day.

With the housing market expected to continue to see strong demand from buyers and property values forecasted to earn 9% by September, no doubt more homeowners will be taking to the habit of checking their own property values online.