Paralysis Continues To Grip The Property Market

Paralysis Continues To Grip The Property Market

Search Acumen comments on HMRC’s Monthly Property Transactions

Andy Sommerville, Director of Search Acumen, comments:

“Paralysis continues to grip the property market, with activity remaining flat. First-time buyers are accounting for a significant chunk of the limited market activity, while those few who need to move, despite wider uncertainty, are also helping to keeping the market moving, albeit at a glacial rate.

“The property transaction process in the UK can be slow and inefficient even under the best market conditions, with more than one in four home moves in the UK falling through before completion.* Without a doubt, Brexit is only exacerbating what is already a frustrating process, and we’d be surprised if the fall through rate hasn’t been heightened by political and economic uncertainty as our EU divorce date fast approaches.

“From our close relationships with leading law firms and with public bodies, we know in-roads are being made to transform the process of buying and selling property, whether that’s putting an end to gazumping, streamlining the dreaded ‘chain’ or digitising elements of the legal and mortgage application process. These innovations will be instrumental in helping to develop a market that can be efficient and resilient in the face of significant uncertainty.”

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: Sam.Jordan@search-acumen.co.uk Address The Maidstone Studios, New Cut Road, Vinters Park, Maidstone, Kent ME14 5NZ

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