Search Acumen comments on HMRC transaction data for June

Print This Post

21 July 2015


Search Acumen200Andy Sommerville, Director of Search Acumen, comments on the HMRC UK property transactions data for June:

“A 16-month high for transactions in June is a welcome sign that the property market is bouncing back after a shaky start to the year. Having announced extra measures this month to improve the planning process and increase housing supply in the long term, the government will be relieved to see signs of renewed life in the property market so soon after the election.

“Positive indicators such as a 3.2% annual rise in wages¹ should help to build momentum in the second half of the year. There is a renewed sense of optimism in the market, and home buyers will be keen to take advantage of the low interest rate environment while it lasts.

“Having seen monthly transactions back above 100,000 for the first time since September last year, conveyancers can expect a busy second half of the year. The race is on to hit business targets and those firms who have used the quieter period to strengthen their proposition will be best placed to benefit.”



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



Legal Futures Blog

GDPR and the rise of ‘datanapping’ – the new threat to the pockets of law firms

Nigel Wright

You’ve heard about ransomware – a hacker infiltrates your IT systems, locking them down until you pay a ransom. Some studies now estimate that over 50% of businesses have experienced this type of attack in the last year, and it’s particularly prevalent within the legal sector. Previously, firms could protect themselves by having a solid disaster recovery plan in place to ensure they can get back up and running in the event of a disruption. However, the General Data Protection Regulation (GDPR) – the new EU-wide regime which comes in effect on 25 May 2018, irrespective of Brexit – means that this approach alone is no longer adequate and security measures must be strengthened to prevent attacks.

April 21st, 2017