Further digitisation of property data in Stockport will cut search times

Property professionals can now access new data on highway extent and tree preservation orders in Stockport Further digitisation of search data will cut search times from 20 days to one Number of residential property transactions

Search Acumen signs up to blockchain network Coadjute

Coadjute, the blockchain network for the UK property market that aims to halve the time it takes to move home, announced the move by leading conveyancing software firm Osprey Approach, property data provider company Search

Competitive pressures drive industry consolidation as active firms fall from 4,836 to 3,808 Average number of transactions per firm plummets 43% during first lockdown However, average firm sees caseload grow by 63% over the last

Stamp Duty holiday fuels recovery in construction activity

Volume of new private housing output jumps 2.7% over most recent three months compared to previous three months1 Andy Sommerville, Director at Search Acumen, says: “This latest data reveals the impact the anticipated earlier end

Stamp Duty drawbacks: Search Acumen comments on Budget

Andy Sommerville, Director of Search Acumen, comments on the drawbacks of the Chancellor, Rishi Sunak, extending the Stamp Duty holiday until June in the Budget: “Today’s stamp duty extension is not just welcome news for

Conveyancing volumes rise 27% in one month, with 73,142 transactions occurring in December 2020, up from 57,632 in November 2020 Numbers of active conveyancing firms continues to recover from the troughs of first lockdown –

Consumers face high price premium when purchasing new builds

Price gap between new builds and existing properties in the UK reaches £64,6241 Andy Sommerville, Director at Search Acumen, says: “This latest data illustrates the level of the price premium consumers often have to swallow

Multiple rows and blocks of new-build housing seen from above

• New private housing output up 6.7% over the last quarter1 Andy Sommerville, Director at Search Acumen, says: “These latest figures show the construction industry is one of the most resilient sectors of the UK

Search Acumen launches data reports and insurance to help beat the stamp duty crunch

Search Acumen, the property data insight and technology provider, has launched new data reports and insurance to enable real estate lawyers to identify risk upfront and help clients progress transactions ahead of the stamp duty

Number of properties owned by overseas companies falls by 4,000 since EU Referendum

• Brexit uncertainty prompts overseas companies to dispose of properties in London and the South East • While overseas company property ownership rises sharply in the North of England – up 11% and 9% in

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

Why AI could hold the key to revolutionising legal work on UK property transactions

This year has shown us that more than ever technology is an essential part of how we work. Integrating transformative technologies such as AI and machine learning should be front of mind if we are

Search Acumen comments on HMRC’s Q3 2020 SDLT receipts

• Stamp Duty receipts rise 27% over the last quarter, increasing to £1.9bn in Q3 2020, up from £1.5bn in Q2 20201 • Number of property transactions liable for Stamp Duty jumps 68% over the

Active Firms leap 56% and transactions double from Q2 – but can the recovery last?

• The number of active firms jumped 56% in Q3 2020, rising to 3,751, up from 2,411 in Q2 2020 • Conveyancing volumes increased sharply by 105% over the last quarter, climbing to 169,143 in

Search Acumen launches first Artificial Intelligence tools to transform property legal work in the UK

Search Acumen launches first Artificial Intelligence tools to transform property legal work in the UK. • Data insight and technology provider harnesses machine learning to help real estate lawyers conduct property due diligence more efficiently

Search Acumen comments on Conveyancing Standards Bill

Andy Sommerville, Director of Search Acumen, comments: “The proposed Conveyancing Standards Bill has the right message when it comes to ensuring consumer protection for people making possibly the single most important investment of their lives.

Search Acumen Comments On MHCLG House building; New Build Dwellings, England: January to June 2020

• The number of dwellings where building work started reached 15,930 in Q2 2020, a 52% fall compared to Q1 20201 • The number of dwellings completed was 15,950 in Q2 2020, a 62% drop

Recover For The Future Not The Past

Covid-19 has presented the world with the worst health crisis in over a century, prompting governments and business leaders to work closely, pool resources and limit the impact of the virus. Amidst the chaos, it

Search Acumen Comments On ONS House Price Index For June 2020

UK new build property prices rise 5.9% annually, increasing to £302,253 in April 2020, up from £285,308 on the same month last year1 UK new build property prices jump 1.5% over the last month, up

Search Acumen Launches Data Snapshot

Data Snapshot launched to help real estate lawyers and conveyancers identify risk early on and progress transactions across England and Wales to meet rising demand Search Acumen is integrating new data sets into ForeSite platform

Working Together To Put Data At Heart Of The UK Planning System

By Andrew Lloyd, Managing Director, Search Acumen The recent months may have been filled with uncertainty, but now it is time to act decisively on some of the clear learnings that have emerged. While Covid-19

Conveyancing Comeback Gathers Pace In June After Covid-19 Cliff-Edge

Search Acumen Conveyancing Market Tracker – Q2 2020 edition 82,385 completed transactions registered in England and Wales during Q2 2020, the lowest level since records began in Q2 2011 and a 65% decrease on the

Search Acumen Comments On HMRC Property Transactions For July 2020

UK property transactions jump 14% over the last month, rising to 70,710 in July 2020, up from 61,780 in June 20201. Andy Sommerville, Director of Search Acumen, comments: “July’s transaction data exposes the stimulus that

Search Acumen Comments On ONS House Price Index For April 2020

UK average house prices increase 2.6% over the year to April 20201 Andy Sommerville, Director of Search Acumen, comments: “This latest data reveals the positive path the UK property market was on before the pandemic

Search Acumen Comments On Halifax’s House Price Index For July 2020

Andy Sommerville, Director of Search Acumen, comments: “This latest data shows the UK property market’s recovery is continuing to gather momentum. “The uptick in house prices may have been partly driven by households viewing their

Search Acumen Comments On MHCLG Planning Consultation

Andy Sommerville, Director of Search Acumen, comments: “Few areas of the industry are calling out for transformation more than the UK’s planning system which places a greater emphasis on documents rather than data and local

Search Acumen Comments On HMRC’s Stamp Duty Receipts for Q2 2020 And Nationwide House Price Data

Total Stamp Duty Land Tax receipts in Q2 2020 were 41% lower than in Q1 2020 and 43% lower than in Q2 2019.1 House prices have increased by 1.5% yoy in July 2020 versus the

Search Acumen Comments On MHCLG’s Latest Help To Buy Statistics

The total number of properties purchased through the Help to Buy scheme dropped 9% on the same quarter last year, falling to 9,515 in Q1 2020, down from 10,405 in Q1 2019(1) The total value

Search Acumen Comments On Property Market Data

Following the latest data on the property market, which shows a rebound in conveyancing volumes, Andrew Lloyd, Managing Director at Search Acumen, the property data insight and technology provider said: “The latest Property Market Insights

Conveyancing Hit Four Year High And Seven Year Low In Q1

Search Acumen Conveyancing Market Tracker – Q1 2020 edition 236,641 transactions registered in England and Wales during Q1 2020, up 5% from 226,444 in Q4 2019 – helped by a brief post-election bounce – but

Housing Stock Falls By 2% In February

Andrew Lloyd, Managing Director of Search Acumen, comments on the Council for Licensed Conveyancers (CLC) Conveyancing 2030 paper, where it was recognised as a key player in the digitalisation of the industry: “The potential for

Search Acumen Comments On Housing Secretary, Robert Jenrick’s Planning For The Future Document

Andy Sommerville, Director at Search Acumen, comments: “The plans announced today by Housing Secretary Robert Jenrick are comprehensive and far ranging – which may be the stimulus needed to throw off England’s housebuilding torpor. “We

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