Search Acumen comments on ONS Construction Output for October 2020
New private housing construction work rises 145% since height of first lockdown1 However, new private housing construction activity dips 1.9% compared to previous month1 Andy Sommerville, Director at Search Acumen, says: “This latest data shows an uplift in construction output from the troughs of lockdown, driven in part by rampant buyer activity in the housing […]
LexisNexis releases latest version of Gross Legal Product Index
Today, LexisNexis has released the latest version of the Gross Legal Product index. Just as GDP measures a basket of goods and services that track the level of output in the overall economy, the Gross Legal Product Index (GLP) tracks a basket of metrics which are representative of legal activity levels. Following the same measures […]
Could a Flood Performance Certificate become compulsory?
Flood Re, which is a group of government and insurance industry representatives want to introduce a Flood Performance Certificate (FPC) for every home, similar to the Energy Performance Certificate (EPC) that is already a mandatory requirement for properties. The reasoning behind the move, would be to encourage more people to install property flood resilience measures […]
New Build Numbers Down in First Half of 2020
Housing programmes delivered by Homes England saw an overall decrease in starts and completions in the first half of 2020-21 compared to the same period last year, according to official statistics released today (8 December). There were 11,313 new houses started on site and 11,358 homes completed through programmes managed by Homes England between 1 […]
Concerns over missed CGT amid high-paced residential property market
A specialist in the residential property search market is calling on the industry to be mindful of Capital Gains Tax (CGT) liabilities as the volume of houses being listed for sale and the speed at which they are selling continues to hit record numbers. “HMRC has issued a reminder of the change it made to […]