Search Acumen comments on the ONS House Price Index, March 2016

Search Acumen comments on the ONS House Price Index, March 2016

Andy Sommerville, Director of Search Acumen, comments on the ONS House Price Index, March 2016

“Fears of Brexit appear to be hitting the wealthier, higher-end of the property market, while having no noticeable impact on slowing down house prices for the mainstream market – particularly in areas of high demand like London and the Southeast. Prices in the capital continue to rise, now up 13% year on year.

“The only areas to see slight respite in London are ones that will unaffordable for most buyers in any case – such as Kensington High Street and Hamptead1. Perhaps a slowdown in these areas could cause a domino effect as some commentators have speculated, but there is no evidence of this in today’s ONS data. Many prospective first time buyers continue to be locked into renting.

“The new mayor in London has just announced more than 50% of homes are to be affordable during his tenure, with actual city dwellers getting the first bite 2. Fresh news ideas include opening up TfL’s unused sites to offer up new homes 3. If the Mayor achieves these goals by hitting the ground running, perhaps London could set the pace for the rest of the country in terms of access to homeowners for new buyers.”

References

1. http://www.theguardian.com/money/2016/may/17/house-prices-drop-london-luxury-postcodes

2. http://www.theguardian.com/politics/2016/may/16/sadiq-khan-developers-housing-plan-london-mayor-affordable

3. http://www.cityam.com/241169/london-housing-mayor-of-london-sadiq-khan-plans-to-fast-track-scores-of-sites-owned-by-transport-for-london-to-build-homes

This article was submitted to be published by Search Acumen as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer. 

Search Acumen

http://www.search-acumen.co.uk/

 

 

 

 

 

 

Next Generation Data

Whether your property transaction is big or small, commercial or residential; you can rely on us for accurate property data.

We collaborate with forward-thinking law firms who have an appetite to use authentic data in consultation with their clients. Our relentless focus on the next generation of property law, means all our customers already benefit from our easy access instant data, saving them critical time and resource.

What we do

We provide more than 40 layers of essential property data, digitally and on-demand through our intuitive ForeSite Platform. Our advanced system allows our customers to analyse real estate sites before the purchasing process has even started.

Early warning indicators create a highly efficient consultation process between our customers and their clients, significantly improving the purchasing experience.

What makes us different?

Our customers choose us and stay with us because we’re different. They like being part of our community because our vision for the market allows us to deliver future proofed innovations which is good for their business.

Here’s some examples from the past twelve months that have helped us receive recognition as thought leaders in the property data space:

  • Data Snapshot - An instantly available property report that Conveyancers and Commercial Real Estate Lawyers can use to mitigate risk from the outset of their due diligence.
  • AI & Machine Learning - We’ve developed our own Machine Learning tool using Amazon based AI which is specifically designed for the property data industry.
  • Blockchain - We continue to work with industry leaders in the Blockchain Technology space to create positive change and we were the sole property data provider in the UK’s first Blockchain property trial (2019).

Contact: Sam Jordan
Tel: 01622 478843 (ext 4460)
Email: [email protected]

Address
The Maidstone Studios,
New Cut Road,
Vinters Park,
Maidstone,
Kent
ME14 5NZ

Leave a Reply

Your email address will not be published.

X