Search Acumen comment on the Land Registry House Price Index for December

Print This Post

29 January 2015


Search Acumen200Mark Riddick, chairman of Search Acumen, comments on the Land Registry House Price Index for December:

“Today’s figures show a tumultuous year for the UK housing market ended with prices still on the rise. The slight cooling of growth in the second half of 2014 will have encouraged more buyers to market, and transactions in the four months to October were up 9% year-on-year.

“December often brings a seasonal stupor in property activity, but these figures suggest the market has weathered a potential storm following changes to mortgage criteria. Stamp duty reform has only scratched the surface of fixing the structural issues in the housing market. But for now, it has lifted buyers’ spirits and should boost conveyancing activity in the early part of 2015.

“The improving economy and rock bottom mortgage rates should help to sustain this momentum ahead of the election. Further measures to boost housing supply are promised, so conveyancers should brace themselves to take advantage of continuing growth. Ensuring they are ready to deal with rising transactions must be at the core of their strategy – not necessarily by hiring staff, but by finding ways to hone their processes and work smarter to their maximum capability.”

 



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



Legal Futures Blog

The skills shortage in law firms is the biggest threat to handling cybercrime

CLC Roundtable discussion at Malmaison Hotel, Charterhouse Square

The skills shortage in our businesses is the biggest threat to our industry when looking at cybercrime. Cybercriminals are not just after money but are looking for sensitive information too, so the legal services sector is an obvious target. In the last year we have had reports of around £7m of client money being lost to such crime. This is not an IT issue and it should not be left to the IT teams to sort out. It is a high-level responsibility and a board-level issue that must be taken seriously. We suspect that we will look back on 2016 and ask why we didn’t respond quicker.

March 21st, 2017