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Brexit uncertainty has contributed to a £20.6m drop in the daily amount spent by commercial buyers on real estate transactions across England and Wales since 2017, as the property market stutters through a challenging year according to the latest report from property data insight and technology provider Search Acumen.

The conveyancing industry has been forced to react as the market slowdown is aggravated by Brexit uncertainties, according to the Q3 2019 edition of the Conveyancing Market Tracker from Search Acumen, the property data insight and technology provider.

Managing due diligence and planning around complex commercial real estate transactions can be fraught with risk. Relying on paper trails which take months to collate mean that problems can be overlooked, and issues not identified until a development is in process. This can often cost projects time and money.

Today’s construction figures show the value of construction new work in Great Britain continued to rise in 2018, reaching its highest level on record at £113,127 million; this was driven by growth in public sector work of £2,697 million and to a lesser extent growth in the private sector of £750 million.

A few weeks ago I met with Estates Gazette to discuss my views on how to future proof the legal sector as well as the innovations that will transform real estate transactions.