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Signs of a new normal for property transaction volumes
Tuesday, 23 August 2022Search Acumen (property data insight and technology provider) comments on HMRC’s property transactions data for July 2022: Seasonally adjusted estimate of UK residential transactions in July 2022 is 104,470
Tags: Search Acumen
Posted in associate news
House prices stall after record breaking period of growth as we enter a new era of economic uncertainty
Wednesday, 17 August 2022Latest ONS HPI figures have been published this morning and show: On a seasonally adjusted basis, average house prices in the UK increased by 0.5% between May and June 2022, following an increase of 0.8% in the previous month, and UK average house prices increased by 7.8% over the year to June 2022, down from 12.8% in May 2022.
Tags: Search Acumen
Posted in associate news
Interest rate rise reaction
Thursday, 4 August 2022Andy Sommerville, Director at Search Acumen (property data insight and technology provider), comments on today’s decision from the Bank of England to raise interest rates by 0.5% and its effect on the housing market:
Tags: Search Acumen
Posted in associate news
Search Acumen comments on HMRC’s property transactions data for June 2022
Thursday, 21 July 2022Andy Sommerville, Director at Search Acumen, says: “Transactions are naturally down from the incredible heights we saw in 2021, and we have seen a month on month decline with volumes tracking below pre pandemic figures.
Tags: Search Acumen
Posted in associate news
Supply and demand imbalance supports continued price growth despite intensifying cost of living pressures
Wednesday, 20 July 2022“The latest ONS data demonstrates that, despite cost of living pressures acting as a brake on price growth, house prices remain extremely high by historic standards.
Tags: Search Acumen
Posted in associate news
Over 100,000 property transactions completed using digitised register for local land charges
Monday, 27 June 2022Search Acumen’s analysis indicates over 100,000 property transactions have been completed in local authorities which have adopted HM Land Register’s digital register for local land charges
Tags: Search Acumen
Posted in associate news
Search Acumen comments on HMRC’s property transactions data for May 2022
Tuesday, 21 June 2022The latest HMRC property transaction data covering May 2022 shows a 1.6% jump in transactions from the month previous. Transactions are down 2% on May 2021
Tags: Search Acumen
Posted in associate news
Right To Buy v2.0 is not a sequel that aspiring buyers will be flocking to see in meaningful numbers
Thursday, 9 June 2022Search Acumen comments on falling enquiries to estate agents and the Right to Buy policy announcement. Andy Sommerville, Director at Search Acumen, comments: “Today’s news of falling enquiries to estate agents last month shows a property market continuing to find its equilibrium after a rollercoaster ride over the last two years.
Tags: Search Acumen
Posted in associate news
Conveyancing boom brings hundreds of firms back into market
Wednesday, 8 June 2022Conveyancers enjoyed their busiest year on record in 2021/22 – and hundreds of law firms came back into the market – with the average practice seeing a 60% rise in transactions.
Tags: Search Acumen
Posted in Latest news, Property
Search Acumen comment: ONS House Price Index
Wednesday, 18 May 2022ndy Sommerville, Director at Search Acumen, says: “The latest ONS data reports a 9.8% house price increase compared to March 2021. The annual growth rate slowed down a little compared to February, but monthly ebb and flow is normal and not indicative necessarily of a wider trend.
Tags: Search Acumen
Posted in associate news