New figures have revealed that homeowners in England and Wales are overvaluing their properties by 8% on average. The research, conducted by Quick Move Now, compared homeowners valuations with that of formal independent estate agent valuations. Danny Luke, Quick Move Now's managing director, said in 2019 when they first started comparing figures, people were overvaluing their properties by an average of 11%. Homeowners in Harrow, Romford and Telford are most accurately valuing their homes. They are over-valuing their homes by an average of 6%. But those living in Llandrindod Wells gave the least accurate valuations, overvaluing by an average of 20%. Residents living in the picturesque town of Harrogate in North Yorkshire overvalued their homes by an average of 17%.
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