Andrew Lloyd, Managing Director at Search Acumen, comments:
“The long Easter break marked an end to the Stamp Duty holiday and the surge in transactional activity that kicked off the year.
“But across the market we are still seeing a strong appetite for deal flow and a demand for bricks and mortar that will continue to resonate throughout the upcoming months.
“Residential is only one part of the full picture. In commercial property, a combination of rental growth, yield impact turning positive, and looser credit constraints contributed to an impressive performance led by the retail sector.
“However, as we begin to feel the shockwaves of recent global economic headwinds, the next few months will be an inflection point for market confidence.
“Getting transactions over the line is a complex and at times fragile process. In times of uncertainty, buyers should have the confidence that real estate lawyers have the right digital tools to ensure transactions can be handled efficiently and smoothly.”
