Search Acumen Comments On ONS House Price Index For June 2020
UK new build property prices rise 5.9% annually, increasing to £302,253 in April 2020, up from £285,308 on the same month last year1 UK new build property prices jump 1.5% over the last month, up from £297,833 in March 20201 Andy Sommerville, Director of Search Acumen, comments: “These latest figures show that the release of […]
Search Acumen Launches Data Snapshot
Data Snapshot launched to help real estate lawyers and conveyancers identify risk early on and progress transactions across England and Wales to meet rising demand Search Acumen is integrating new data sets into ForeSite platform to further expedite the legal due diligence process on real estate transactions Lawyers can harness over 45 public datasets to […]
Search Acumen Comments On HMRC Property Transactions For July 2020
UK property transactions jump 14% over the last month, rising to 70,710 in July 2020, up from 61,780 in June 20201. Andy Sommerville, Director of Search Acumen, comments: “July’s transaction data exposes the stimulus that raising the Stamp Duty threshold has injected into the property market. “The recovery in transaction levels may be partly driven […]
Search Acumen Comments On ONS House Price Index For April 2020
UK average house prices increase 2.6% over the year to April 20201 Andy Sommerville, Director of Search Acumen, comments: “This latest data reveals the positive path the UK property market was on before the pandemic hit. “Annual house price growth in April was driven by a combination of greater political certainty, robust labour market conditions […]
Search Acumen Comments On Halifax’s House Price Index For July 2020
Andy Sommerville, Director of Search Acumen, comments: “This latest data shows the UK property market’s recovery is continuing to gather momentum. “The uptick in house prices may have been partly driven by households viewing their financial position more positively. People fortunate enough to return to work are likely to have greater visibility over their long-term […]
Search Acumen Comments On MHCLG Planning Consultation
Andy Sommerville, Director of Search Acumen, comments: “Few areas of the industry are calling out for transformation more than the UK’s planning system which places a greater emphasis on documents rather than data and local officials’ knowledge of the areas they directly manage. “Covid 19 has acted as catalyst for the digitisation of several areas […]
Search Acumen Comments On HMRC’s Stamp Duty Receipts for Q2 2020 And Nationwide House Price Data
Total Stamp Duty Land Tax receipts in Q2 2020 were 41% lower than in Q1 2020 and 43% lower than in Q2 2019.1 House prices have increased by 1.5% yoy in July 2020 versus the -0.1% decline which was seen in June 2020. 2 Andy Sommerville, Director of Search Acumen, comments: “The latest Stamp Duty data […]
Search Acumen Comments On MHCLG’s Latest Help To Buy Statistics
The total number of properties purchased through the Help to Buy scheme dropped 9% on the same quarter last year, falling to 9,515 in Q1 2020, down from 10,405 in Q1 2019(1) The total value of properties sold through the Help to Buy scheme dropped 4% on the same quarter last year, falling to £2.9bn […]
Search Acumen Comments On Property Market Data
Following the latest data on the property market, which shows a rebound in conveyancing volumes, Andrew Lloyd, Managing Director at Search Acumen, the property data insight and technology provider said: “The latest Property Market Insights report points to a “U” in the market as conveyancing volumes rebound at the end of June to levels last […]
Search Acumen Comments On CLC
Andrew Lloyd, Managing Director of Search Acumen, comments on the Council for Licensed Conveyancers (CLC) Conveyancing 2030 paper, where it was recognised as a key player in the digitalisation of the industry: “The potential for transforming the property sector over the next ten years is huge. We discuss three central changes in data, skills and […]
Search Acumen Comments On Housing Secretary, Robert Jenrick’s Planning For The Future Document
Andy Sommerville, Director at Search Acumen, comments: “The plans announced today by Housing Secretary Robert Jenrick are comprehensive and far ranging – which may be the stimulus needed to throw off England’s housebuilding torpor. “We particularly welcome the government’s decision to continue Esther McVey’s initiative for building a brownfield data bank. Maximising the space for […]
Search Acumen Comments On HMRC’s Monthly Property Transactions For January
Andy Sommerville, Director of Search Acumen, comments: “The start of the year saw a slight uplift in the property market as the backlog of transactions that were put on hold at the end of 2019 start to be unleashed given the improved political climate at the very end of last year. “Our own research into […]
Search Acumen comments On ONS Housebuilding Stats, Q3 2019
Andy Sommerville, Director at Search Acumen, comments: “No one could accuse the nation’s housebuilders of giving us too much of a good thing. Right across the board – from the private sector to housing associations, and local authorities – building figures have plateaued. Except for a brief spike in late 2018, completion numbers have not […]
Andy Sommerville, Director at Search Acumen, Comments On MHCLG Q3 Planning Application Statistics
Andy Sommerville, Director at Search Acumen, comments: “The end of the decade can’t come soon enough for those in the housebuilding trade. Since the financial crisis we’ve seen rates of planning applications flat line for nearly a whole decade. “Q3 2019 was not inclined to buck this trend. The last three years of destructive political […]
Andy Sommerville, Director at Search Acumen, Comments On UK House Price Index For October 2019
Andy Sommerville, Director at Search Acumen, comments: “Where there is growth there is life. And although we haven’t seen much in the way of house price growth, today’s statistics show life is returning to the housing market – particularly in areas outside of the Capital. “These latest ONS statistics are from October and we expect […]
Search Acumen Enhances Commercial Property Platform To Help Lawyers Inspect Public Data Sources
Commercial lawyers can now interrogate 40 property data layers via Search Acumen’s ForeSite platform New insights on coal mines, flooding and the City of London will expedite the due diligence process on commercial real estate transactions Orders via ForeSite have increased fourfold over the last year as Search Acumen has become data provider of choice […]
Search Acumen Joins Project Developing New Homebuying Tech
Coadjute, a network for decentralised workflow and data sharing within the property industry, has agreed a project to develop new mortgage and home buying technology with a consortium of leading property software providers and banks including NatWest. The purpose of the technology is to speed up and simplify the entire home buying process and make […]
Search Acumen Comments On MHCLG Housing Supply Statistics
Andy Sommerville, Director at Search Acumen, comments: “The net increase in housing stock could be seen as a proxy barometer for the nation’s economic outlook. You don’t have to be a meteorologist to know we aren’t in the sunlit uplands, but rays of sunshine are starting to break through. “Figures from the last 10 years […]
Search Acumen Comments On HM Land Registry Complex Commercial Transactions And Infrastructure Development Launch
Caroline Robinson, Commercial Real Estate Business Development Manager at Search Acumen, comments: “Managing due diligence and planning around complex commercial real estate transactions can be fraught with risk. Relying on paper trails which take months to collate mean that problems can be overlooked, and issues not identified until a development is in process. This can […]
Search Acumen Comments On ONS Housebuilding Stats, Q2 2019
Andy Sommerville, Director at Search Acumen, comments: “Brexit has obviously introduced a great deal of uncertainty into developer’s order books as fears grow over buyers getting cold feet and supply chains being disrupted. However, the trend for the decade since the financial crisis is one of anaemic growth where demand outstrips supply. “Amongst this generally […]
