Construction industry proving to be boon for UK economy

Construction industry proving to be boon for UK economy

  • Private and public new housing output jumps 9.4% and 16.7% respectively over the last month1

Andy Sommerville, Director at Search Acumen, says:

“This latest set of data underlines that the construction sector is proving to be a boon for the UK economy.

“The rise in new housing construction activity is likely to have been partly driven by housebuilders being encouraged by the UK’s property market running hot due to the Stamp Duty holiday. This is coupled with the approaching reopening of the UK economy which would have improved business confidence levels throughout March, prompting firms to progress residential building projects.

“However, rising input costs as a result of imbalances between supply and demand may prompt some housebuilders to rein in new building activity in the medium term, unless they can protect margins by passing on costs to consumers.

“With increased building high on the government’s agenda, more accurate planning decisions will be crucial if housebuilders are to contribute towards the prime ministers’ goal of 300,000 homes a year by the middle of the decade. Greater investment in the digitisation of property information will help housebuilders identify risks upfront, making production decisions more seamless and efficient. We are the first non-utility company to use the Line Search Before U Dig’s API tool, which is an example of using digital property information to better identify the risks and associated costs with a construction project before it has begun.”

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