UK House Price Index Claims Annual Prices Increase By 2.8%
According to the recent figures from the Office for National Statistics (ONS), UK house prices grew by 2.8% in the year to November, this is a slight increase from October’s annual house price growth of 2.7%. However, on a non-seasonally adjusted basis, house prices decreased by 0.1% between October and November last year, this compares […]
Changing Property And Conveyancing Sector In Post-Brexit Britain
The Prime Minister has just suffered the largest commons defeat in political history and the uncertainty created by Brexit is having a huge impact on the property market. Whilst the short-term outlook remains bleak, it is clear that the conveyancing sector is moving through huge changes that have the potential to create a positive consumer-centric […]
RICS UK Residential Property Report Suggests Short-Term Market Depression
The Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey reported that December’s figures meant the year ended extremely weakly. The report also predicts that the next three months are going to show a subdued and declining property market. A net balance of 28% of RICS respondents expect near terms sales expectations to remain […]
Economic Crime Strategic Board Aim To Reduce Money Laundering
In a bid to prevent economic crime from increasing in the UK, The Home Secretary, Sajid Javid, and Chancellor, Phillip Hammond, have announced that they will jointly chair a new Economic Crime Strategic Board. The combined cost of fraud, money laundering, bribery and corruption is estimated to cost the UK economy over £14 billion per […]
Property Consultancy Predicts Significant Rise In Property Prices And Private Rent
CBRE, an independent property consultancy, predicts that the property market is set to continue growing despite the present Brexit uncertainty and political turmoil. According to CBRE figures, forecasts of 1.8% growth are predicted in 2019; statistics that seem to suggest the market will flatten rather than decrease throughout this extremely traumatic political year. This figure […]
Date For Implementation Of Tenants Fees Bill Announced
It has been a long and arduous process as the Tenants Fees Bill ricochet, rebounded and recoiled through Parliament, but from June 1st this year, it will become illegal to charge fees to tenants in rented accommodation. During the Lords third official reading of the Bill, Lord Bourne of Aberystwyth made the announcement. Lord Bourne […]
HM Land Registry Searching For New Chief Executive
HM Land Registry are officially looking for a new Chief Executive following the resignation of Graham Farrant who has left the company to take up a new role for a Southern local authority. Mike Harlow, Mr Farrant’s deputy, will now take over as chief executive until a permanent replacement is found. An HM Land Registry […]
Housing Stock Prices Reach Record Levels
Recent research from estate agents Savills has placed the official exclamation mark to the end of claims that housing has reached an affordability ceiling point as housing stock reached record levels. Despite the political landscape causing such uncertainty, housing stock ended 2018 at a combined value of over £7.29 trillion. Whilst property prices started declining […]
House Building On The Rise – So Why Are We Still In Crisis?
Search Acumen comments on ONS Housebuilding Statistics September Quarter 2018 Andy Sommerville, Director at Search Acumen, comments: “We’ve found ourselves in a situation where we’re on track to have built nearly 160,000 new homes in England in 2018, but supply and demand constraints mean we’re in the midst of a housing crisis. The price for an […]
Over 30% Of Housing Transactions Fell Through In 2018
There has been a significant increase in incomplete and failing housing transactions according to a recent report from Quick Move Now. In total, 49.8% of all house sales in England and Wales fell through before completion in the last quarter of 2018. As England and Wales enjoyed the summer heatwave, only 28.3% of house sales […]
LEAP Outlines 4 Steps To Paperless Law Firm Utopia
Step 1: Getting into the cloud Getting into the cloud is only the beginning of the paperless journey but an essential step. After successfully migrating your data from clunky old vulnerable servers to the shiny new cloud, the benefits and possibilities are quite simply endless. Not only is your law firm’s data security enhanced – […]
Collaboration And Innovation Within The Legal Sector
Technology has forced the legal sector to innovate in order to manipulate and sculpt technology to suit the needs of law firms. The legal sector is increasingly using online document portals, online contracts, electronic case management systems and electronic billing to create a more efficient process for legal clients. Innovations in technology have also led […]
Index Property Information Hosts Fraud Risks In Conveyancing Webinar
Index Property Information brings to you a highly informative webinar about the risks of fraud in the conveyancing sector at the end of this month. With the Solicitors Regulation Authority reporting cyber crime has risen again over the last year and conveyancing is now the highest risk area of law, it’s crucial businesses are kept […]
Benefits Of Implementing Technology In The Legal Sector
Part of The Solicitors Regulation Authority (SRA) report published last month on technology and legal services, outlined the benefits of legal technology in their latest research. Technological innovations are reshaping the legal sector with the use of Artificial Intelligence (AI) becoming increasingly common. SRA’s report seeks to educate their regulated law firms on the opportunities […]
New Private Housing Construction Increases In November
November’s construction output in Great Britain, released by the Office for National Statistics, has found that all work has increased by 2.1% on a quarterly to quarterly series. All new work had increased by 3.4% during this time, with the overall figure being driven down slightly by declining repair and maintenance, which witnessed a fall […]
High Street Estate Agents Declining By Nine Per Week
The decline in the high street has been evident over the past two decades. Remnants of huge commercial units that were once filled with long-term high street stalwarts like Woolworths and C&A are now occupied by pound stores and temporary pop-up outfits. Similarly, whereas large towns and cities often had an estate agency district packed […]
Brexit Uncertainty Drives Down Private Commercial Developments
Search Acumen comments on ONS Construction output in Great Britain, 11 January 2019 Andy Sommerville, Director at Search Acumen, comments: “The UK’s construction output continued to rise at a pace at the back end of 2018, no doubt fuelled by the impact that a strong Help to Buy scheme has had on the residential sector, particularly […]
CA Issues Response To Law Commission’s Leasehold Enfranchisement Reform Consultation
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has announced it has responded to the Law Commission’s leasehold enfranchisement reform consultation. The consultation paper, entitled, ‘Leasehold home ownership: buying your freehold or extending your lease’, was published in September last year and the deadline for responses recently passed on the 7th […]
Artificial Intelligence Within The Legal Sector
The Solicitors Regulation Authority (SRA) last month published a report which gives an interesting overview of how technology can help modernise and drive innovation in legal services. The report seeks to educate law firms on opportunities and risks from technological possibilities such as Artificial Intelligence (AI). In 2019, the legal industry faces challenges such as […]
Residential And Buy-To-Let Mortgage Rates Reducing
Buyers within both the residential and buy-to-let sector have enjoyed a range of new products and reduced rates on existing products in recent months. Within the past week, mortgage lender, Barclays, have released eight new products and reduced their mortgage rates as lenders look to ignite the property market once again. The product in Barclays […]
