“With wage growth falling, inflation biting and savings stagnating, home buyers are feeling the pinch”

“With wage growth falling, inflation biting and savings stagnating, home buyers are feeling the pinch”

Search Acumen comments on ONS House Price Index, December 2017

Andy Sommerville, Director at Search Acumen, comments:

“With real wage growth falling, inflation biting and savings stagnating, many prospective home buyers are likely to be feeling the pinch.

“Although house price growth may not be rocketing, having wavered slightly around the 5% mark for the past six months, wider economic factors such as inflation and wage stagnation are likely to be taking their toll on hopeful homeowners, nudging property prices out of the parameters of affordability for many.

“House price rises continue to outpace real wage growth, yet this stable house price growth is also providing a rare dose of certainty in our wider economy. While this growth rate is no cause for celebration for prospective homeowners, it is certainly the lesser of two evils as any drop in growth would roughly equate to a vote of no confidence in the UK economy.”

This article was submitted to be published by Search Acumen 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.

Search Acumen

http://www.search-acumen.co.uk/

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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.

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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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