SearchFlow responds to the Halifax’s House Price Index  

SearchFlow responds to the Halifax’s House Price Index  

Halifax has just released its latest house price index data, which provides a view on July’s housing market, following the exceptionally high levels of activity we witnessed in June.    

 

The data found that average house prices now stand at around £261,000, having seen an increase of 0.4% in July (which added a further £1,122 to the average price of a home).  Looking at annual data trends, Halifax also reports that while house prices were 7.6% higher than in July 2020, this is reportedly the slowest increase seen since March. 

 

Dr Thomas Quirke, managing director of SearchFlow, provides his commentary on what this could mean for the housing market:

The conditions of the first half of the year were anything but typical, driven by the various Stamp Duty holiday deadlines, however we anticipate the market returning to more ‘steady’ levels as the second half of the year progresses – and these figures from Halifax perhaps point towards this trend. 

“I think one thing that the last 12-18-months has taught us is that software or ‘proptech’ is an enabler towards faster and more efficient sale pipelines and completions (and the associated revenues that are generated as a result). As we head towards the end of the year, with slightly less pressure bearing down on everyone, innovation will rise back up the boardroom agenda as firms look at smarter ways to move transactions through to completion as quickly and efficiently as possible. Both conveyancers and the end consumers will all benefit from a smoother process.” 

www.searchflow.co.uk

 

This article was submitted to be published by SearchFlow 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.

SearchFlow

http://www.searchflow.co.uk

SearchFlow is the UK’s largest provider of legal due diligence data for residential and commercial property transactions. Since its formation, it has supported over 5,000,000 instructions and delivered 26,000,000 searches; this equates to around 1 in every 4 property transactions in the UK. SearchFlow recognises that proactively supporting each client’s journey is vital to delivering the right due diligence insights, searches, data, surveys, and insurance for every transaction – whether a single residential property or a complex commercial portfolio. Via its advanced online ordering platform and backed-up by an award-winning customer service team, SearchFlow supports clients in delivering the conveyancing solutions needed to manage due diligence risk and achieve compliance. By partnering with SearchFlow, property law professionals in the UK can deliver smarter, safer, and faster property transactions to their customers. SearchFlow have been crowned Search Provider of the Year for four consecutive years, and recently won Bronze for Best Use of Technology at the CX Awards. Based in Kent, SearchFlow is a Landmark Information Group business, which is part of DMGT plc. Key Services

Links Address 42 Kings Hill Avenue Kings Hill West Malling Kent ME19 4AJ Key Contact  Rob Steadman robert.steadman@searchflow.co.uk Telephone 0800 977 8818

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