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Andy Sommerville, Director of Search Acumen, comments: “These latest figures show that the release of pent up demand following the  easing of restrictions have put  upward pressure on prices across all segments of England’s property market, particularly in the new build sector.

By Andrew Lloyd, Managing Director of Legal Futures‘ Associate Search Acumen The recent months may have been filled with uncertainty, but now it is time to act decisively on some of the clear learnings that have emerged. While Covid-19 exposed… Read More

UK property transactions jump 14% over the last month, rising to 70,710 in July 2020, up from 61,780 in June 2020. Andy Sommerville, Director of Search Acumen, comments: “July’s transaction data exposes the stimulus that raising the Stamp Duty threshold has injected into the property market.

The latest Property Market Insights report points to a “U” in the market as conveyancing volumes rebound at the end of June to levels last seen in early March before the full force of the UK lockdown hit. While this is positive step, the road to recovery for many sectors in the UK remains unclear. Coupled with the threat of a spike in cases following the relaxation of restrictions at the beginning of July, we may see dampened demand in medium to long term.

The conveyancing market experienced a turbulent ride in Q1 2020 as a post-election bounce in January was swiftly curtailed by the coronavirus pandemic resulting in a steep downturn in March, according to the Q1 2020 edition of the Conveyancing Market Tracker from Search Acumen, the property data insight and technology provider.