By Legal Futures’ Associate SearchFlow
Thomas Quirke, Managing Director of SearchFlow – the UK’s leading provider of conveyancing search solutions –responds to the UK House Price Index that has been released for February 2020:
“While the UK House Price Index has shown an annual price increase of 1.1% – taking average property values in the UK to £230,332 – this is the last pre-lockdown Index and I think everyone is waiting with baited breath to see the different picture that will emerge over the coming months.”
“While those transactions that can progress in the background are doing so, many are now at a stage where they are on hold until the current restrictions have been lifted. It will be interesting to see if the government make any short-term changes to stimulate the market once we’re all in a position to progress.”
“It will then be up to all those in the property-transaction value chain to support buyers and sellers by providing the confidence and certainty needed on transactions, while making the process as swift as possible.”
With more than one million conveyancing searches and legal reports run every year for over 2,000 legal clients across England and Wales, SearchFlow is the leading provider of comprehensive searches, surveys, identity checks and conveyancing insurance solutions and prides itself in working in partnership with its clients to provide solutions that enable competitive advantage.