SearchFlow responds to ONS House Price Index

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SearchFlow responds to ONS House Price Index

SearchFlow, the UK’s leading property search provider in residential and commercial markets, today responds to the latest House Price Index from the Office of National Statistics, which shows a rise of 4.7% in the year to September 2020, with average prices now standing at £245,000, a rise of £11,000 since September 2019.

Dr Tom Quirke, managing director of SearchFlow:

“The demand for property continues to grow at pace as we move through 2020 and the house price data from the ONS shows average prices are reflecting this market surge. Unlike previous years, we aren’t seeing the typical market peaks and troughs’ that usually occur in holiday periods or in the run-up to Christmas; instead instructions have been steadily increasing, buoyed by the Stamp Duty holiday and the prospect of a Covid-19 vaccine re-energising the financial markets.

“What is interesting to see is where the hotspots are with the ONS reporting that the South West has seen the highest increase of 6.4%, followed by the North West at 6.0%, compared to just 4% in London. This indicates that demand in areas outside of major conurbations have grown as people consider relocating from commuter belts to more rural areas, now remote working has increasingly become ‘the norm’. It will be interesting to track this trend for the remainder of the year.”

To download the latest Office of National Statistics House Price Index, click here.

For more information on SearchFlow, call 0870 423 2922, email sales@searchflow.co.uk or visit info.searchflow.co.uk/continuity-property-solution.

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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