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

Court modernisation: Court Service spins response to NAO report

Roger Smith

After months of debate on the court modernisation programme led by Her Majesty’s Courts and Tribunals Service, we now have an authoritative analysis from the National Audit Office. HMCTS chief executive Susan Acland-Hood professed herself happy. The report was “helpful and constructive”. She was pleased that “the NAO acknowledges our ‘early progress’”. Her comments were more reflective of spin than the span of the NAO report. The NAO acknowledges the ambitious nature of the reform. But comments like “HMCTS’s change portfolio presents a very significant challenge” need minimal decoding to reveal a bit of concern.

May 17th, 2018