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Surging 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.

Knights, the UK’s fastest growing legal and professional services business outside of London, has almost doubled in size during the past 18 months. Adoption of technology has long been central to Knights’ growth strategy as it seeks to improve processes to the benefit of its professionals and clients. As part of this, Knights has been using Search Acumen’s commercial platform ForeSite for a long time. 

Search Acumen, the property data insight and technology provider, has launched a new tool that provides real-time property data to lawyers via interactive reports, empowering them to advise clients earlier and progress transactions more efficiently than ever before.

UK average house prices increased by 8.9% over the year to April 2021, down from 9.9% in March 2021 (ONS HPI). Andy Sommerville, Director at Search Acumen, says: “This latest data indicates the new build premium shows no signs of abating. 

The number of property transactions registered in England and Wales climbed 26% over the last quarter, rising to 241,916 in Q1 2021, up from 192,063 in Q4 2020, according to the latest edition of the Conveyancing Market Tracker from Search Acumen, the property data insight and technology provider