LegalinX-7Side report on auction market in post Brexit slow down
It has been reported that the UK’s housing auction market is currently experiencing a decline in sales with fewer buyers frequenting auction rooms than last year. July saw 13.3% less sales than the same month the year before, but this is believed to be partly due to vendors not making their properties available for auction with […]
Has technology reshaped the UK housing market?
The fundamentals around buying a property and applying for a mortgage have remained more or less the same over the years. Although there have been tweaks to systems here and there, the industry has been quite resistant to change. However, technology has been seen as a game changer for many industries and there is potential […]
Homeowners Alliance Survey 2016 – Housing crisis not meeting the needs of the last time buyer
BLP Insurance, reveals that there is still a lack of housing across the board and not just for first- time buyers. The state of the nation report covers the concerns and issues faced by UK Homeowners and the general feeling amongst homeowners and non -homeowners of the state of the housing market today. The desire […]
Search Acumen comments on DCLG Green Belt Statistics
Andy Sommerville, Director at Search Acumen, comments on the release of today’s DCLG Green Belt Statistics, England – 2015/16: “Today’s data shows a minimal change in England’s Green Belt area over the past year, no doubt coming as good news to those seeking to protect our countryside and strive for urban regeneration. However the year-on-year drop […]
Listed buildings
Many people throughout their lives will likely have come across a listed building whether it be through a visit to one of England’s many historically significant sites or perhaps because they happen to live in one. But as part of the property transaction we should also be thinking of the implications they may have for […]
Reshaping home buying for millennials
For those born in the eighties and coming of age in the noughties, otherwise known as millennials, the chance to buy a home of their own is hard won. While their parents enjoyed the boom years of cheap credit, low property prices and high employment rates, millennials have experienced the polar opposite in terms of […]
Number of homes built in last year over 100,000 short of government target
The number of homes started in the UK has increased 2% in the year to June with 144,280 homes started, according to new figures released by the Department for Communities and Local Government. Comparing the first and second quarters of the year, seasonally adjusted starts were up 2% and completions up 7%. However the Government […]
Bricks equivalent to 5,800 Conwy Castles needed to fix UK housing crisis
The UK has a 1.4 billion brick deficit enough to build Conwy Castle 5,830 times over according to research compiled by the Centre for Economics and Business Research. The National Association for Estate Agents (NAEA) says that’s also equivalent to 740 Big Bens, 40 Tower Bridges, 3,090 Manchester Town Halls or all of the houses in […]
Stamp duty aftershock triggers rollercoaster ride for conveyancers ahead of Brexit vote
Search Acumen Conveyancing Market Tracker – Q2 2016 edition
Remortgages up as number of home mover mortgages drops sharply, says CML
The number of remortgages in Q2 of 2016 is up 5.8% on Q1, and up 19.3% on Q2 of 2015 according to the Council for Mortgage Lenders (CML). The CML also sayS that the number of loans to home movers has dropped sharply, both on Q1 and Q2 of 2015, dropping 18.3% on a year […]
Transaction levels virtually unchanged into July according to HMRC
The number of transactions for value over £40,000 across the UK rose very slightly from 103,450 in June to 104,200 in July, according to HMRC. The slight rise of 0.7% compares unfavourably to last year’s rise from 114,770 to 120,610 – a rise of 5.1%. The relative stagnation is reflected in the seasonally adjusted figures, which […]
East Yorkshire bucking the trend of post-Brexit housing dip
East Yorkshire is showing signs of positivity in the housing market despite UK figures revealing there has been a slow down across the country, according to Heptonstalls Solicitors. The Goole and Pontefract-based firm has seen a notable increase in matters for its residential conveyancing services over recent months which is in stark contrast to a […]
Search Acumen comments on HMRC property transactions, July 2016
Andy Sommerville, Director of Search Acumen, comments on HMRC property transactions, July 2016
Brexit predicted to bring house prices down 1% as part of wider economic slowdown
The vote to leave the European Union will bring house prices down by 1% in 2017, according to estate agents Countrywide. Whilst what “Brexit” means is still being discussed by those who campaigned for it, economists at Countrywide are predicting prices could fall by 6% by the end of the year in London alone. Countrywide […]
Number of house buyers falls by a third year on year
Demand for residential property is at the lowest level seen since November 2013, according to the NAEA July Housing Market Report.
LegalinX report on the House Price Index for June 2016
The Land Registry has this week released the House Pricing Index for the month of June. This index has revealed information on the performance of house prices during the month of the referendum and Brexit result, along with sales volumes from the month of April as the registration of sales takes place approximately two to […]
“Last hurrah” for commercial property?
Huge variation in the fortunes of commercial property can be seen across the regions according to research released from Groundsure. Activity in the commercial property sector showed an increase of 9.3% across England & Wales in the first half of 2016 compared with the same period in 2015 – but according to Groundsure’s analysis there […]
The industry reacts to the latest Land Registry HPI
Following a strong increase in sales in March, the most up-to-date Land Registry figures for April 2016 show that UK home sales fell by 55.4%, recovering slightly in May and June 2016.
Conveyancing Data Services – August Reflections
CDS Sales Director, Richard Pickles shares his post-Brexit predictions and views on CON29 changes.
Property market activity sees sharpest decline on record
The residential market activity is still declining, but it’s predicted this will change in the near future, according to the RICS UK Residential Market Survey for July 2016. Dwindling buyer enquiries, completed transactions and new instructions are all being put down to the ongoing Brexit uncertainties, as well as recent tax changes. However, updated yearly […]
