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70% of owners don't know the value of their own home

Almost half (45%) of UK homeowners undervalue their home, according to new research by Zoopla

  • On average homes are undervalued by just over £46,000.
  • In comparison, 1 in 4 homeowners believe their property is worth more, one in 10 of these predicting it was worth over £100k more.
  • With just 3 in 10 people having an accurate idea of their home's value, it is no surprise 78% of sellers state ‘Good Market Knowledge’ is a top priority when choosing an agent (Dataloft, Property Academy, 2020).
  • Collectively, Zoopla’s research suggests the average UK home is worth over £9k more than its owner realises, the figure in London more than double the national average (£22,846).

 Source: Dataloft, Zoopla

James Williams 12.05.21

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