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House prices rise as demand affirms the sellers-market
Wednesday, 20 October 2021UK average house prices increased by 10.6% over the year to August 2021, up from 8.5% in July. The average UK house price was £264,000 in August 2021, which is £25,000 higher than this time last year.
Tags: Search Acumen
Posted in associate news
Disconnect between supply and demand is nothing new for the housing sector
Wednesday, 13 October 2021Andy Sommerville, Director at Search Acumen, comments on today’s data from the Office for National Statistics: “The pain of supply issues across large swathes of the UK economy is nothing new to the housing market, where demand and supply have been disconnected for almost as long as memory serves…”
Tags: Search Acumen
Posted in associate news
Search Acumen comments on HMRC’s Monthly Property Transactions for August 2021
Tuesday, 21 September 2021The latest UK monthly property transactions data shows the provisional seasonally adjusted estimate of UK residential transactions in August 2021 is 98,300, 20.8% higher than August 2020 and 32.0% higher than July 2021
Tags: Search Acumen
Posted in associate news
Why it’s time for lawyers to part with paper
Wednesday, 15 September 2021Lawyers do not become legal practitioners to do paperwork, but when managing heavy workloads, it can sometimes be hard to think about innovation and adopting new processes. This can lead to frustrations as a result of inefficient practices that impact service delivery and slow down transaction times. Covid-19 has only served to aggravate the pitfalls of a paper-based way of working.
Tags: Search Acumen
Posted in associate news
House prices lose momentum, but no sign of pre-pandemic price correction
Wednesday, 15 September 2021Average UK house prices grew by 8% over the year to July 2021, down from 13.1% in June, with the average price of £256,000 standing £19,000 higher than a year earlier.
Tags: Search Acumen
Posted in associate news
Today’s ONS Construction Monthly figures
Friday, 10 September 2021Andy Sommerville, Director at Search Acumen, comments on today’s ONS Construction Monthly figures: “After a frenetic year in the housing market, stock levels are severely depleted as a result of more than 12 months of exceptional demand. This imbalance and the sheer level of demand kick-started the construction sector earlier this year, with developers keen to revive stalled projects as confidence rose along with house prices.
Tags: Search Acumen
Posted in associate news
Search Acumen comments on HMRC’s Monthly Property Transactions for July 2021
Tuesday, 24 August 2021The latest UK monthly property transactions data shows that the provisional seasonally adjusted estimate of UK residential transactions in July 2021 is 73,740, up 4.2% from July 2020 but down 62.8% from June 2021
Tags: Search Acumen
Posted in associate news
Red hot house prices leave first-time buyers and legal professionals with a mountain to climb
Wednesday, 18 August 2021Andy Sommerville, Director at Search Acumen, comments on the new record high for UK house prices in today’s ONS UK House Price Index for June 2021.
Tags: Search Acumen
Posted in associate news
London loosens grip on high-value property market as house prices surge
Wednesday, 11 August 2021Surging house prices over the last year have loosened London’s grip on the high-value property market, according to analysis of official data by Search Acumen, the property data and insight provider.
Tags: Search Acumen
Posted in associate news
Tidal wave of transactions as conveyancing firms endure busiest period of homebuyer demand
Tuesday, 10 August 2021The number of property transactions registered in England and Wales climbed 20% over the last quarter, rising to 290,248 in Q2 2021, up from 241,916 in Q1 2021, according to the latest edition of the Conveyancing Market Tracker from Search Acumen, the property data insight and technology provider.
Tags: Search Acumen
Posted in associate news