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Search 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.

ndy 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.

Andrew Lloyd, Managing Director at Search Acumen, says: “This latest data highlights the continued remarkable rise of house prices, with February 2022 marking a 10.9% increase compared to February 2021 and a 10.2% uplift from January 2022.

Search Acumen’s analysis reveals that the conveyancing market across England and Wales registered a record 306,237 completed transactions between October and December last year.

Andy Sommerville, Director at Search Acumen, says: “December’s figures represent a full year of rising house prices across the UK, driven by sustained demand which has progressively outstripped supply during the course of the year. Traditionally a quieter month for the property market, house prices continued to defy expectations and climbed 10.8% in the final month of the year.