“Pre-referendum forecasts of economic meltdown continue to appear overblown”

Print This Post

21 September 2016


Search Acumen200Andy Sommerville, director of Search Acumen, comments on HMRC Number of Property Transactions, August 2016:

“It is encouraging that pre-referendum forecasts of economic meltdown continue to appear overblown as August’s residential property transactions show some resilience and commercial activity gains a new lease of life*. The figures show a stable increase in residential transaction activity every month since the Brexit vote and those within the property sector are finding themselves asking what all the fuss was about.”

“We are, however, in danger of being overly optimistic about the short-term stability we’ve seen over the past months as a 6.1% decline since the same month last year uncovers 12 months of turbulence in our sector and efforts to get our market back on its feet must not slowdown.”

“Looking ahead, it is essential that our market remains optimistic. Industry players will need to not shy away from drawing investment and regaining some stamina before tackling the continuous challenges our divorce with the EU will bring.”



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

Is it time solicitors started taking ethics training more seriously?

mena_ruparel

The requirement for solicitors to behave ethically in modern legal practice is more relevant than ever. Solicitors are still held in fairly high regard by the public, although that esteem is on the wane according to last year’s Trusted Professions poll by Ipsos Mori. Lawyers are less trusted than teachers and doctors but at least we prevail over accountants and bankers. We still hold a position of trust but we must work to hold that position. The current Solicitors Regulation Authority proposals to revise the Handbook are evidence that work still needs to be done.

June 21st, 2017