Connells Survey & Valuation says it plans to invest £6m into expanding its team of chartered surveyors in 2014 to address concerns about a shortage of surveyors available to undertake valuations.
In June this year Mortgage Strategy revealed that a shortage of qualified surveyors has forced some of the country’s biggest firms to stop accepting new valuation instructions in certain areas as market activity increases.
The surveying firm, which is part of the Skipton Group, has a target of 100 new hires through next year and will target busier areas of the country such as the South East..
Connells managing director Ross Bowen says: “We have already increased our surveying capacity by 30 per cent over the last 12 months and the timing of this expansion could not have been better given the housing market upturn.
“We have been delighted with the response from experienced, trainee and graduate surveyors wanting to join our team.”
London & Country mortgage specialist David Hollingworth says: “I don’t think Connells are the first ones to make this move but it is definitely a good one for the industry. Optimism remains high regarding the property market through next year and as we look to meet that demand there is of course a need to grow the industry’s capacity on all fronts, including surveyors.”