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The latest Property Market Insights report points to a “U” in the market as conveyancing volumes rebound at the end of June to levels last seen in early March before the full force of the UK lockdown hit. While this is positive step, the road to recovery for many sectors in the UK remains unclear. Coupled with the threat of a spike in cases following the relaxation of restrictions at the beginning of July, we may see dampened demand in medium to long term.

The conveyancing market experienced a turbulent ride in Q1 2020 as a post-election bounce in January was swiftly curtailed by the coronavirus pandemic resulting in a steep downturn in March, according to the Q1 2020 edition of the Conveyancing Market Tracker from Search Acumen, the property data insight and technology provider.

Today’s transaction figures demonstrate the nascent ‘Boris Bounce’ which boosted the property market in January and February. In today’s world, this seems like a distant reality and we expect the months that follow to tell a very different story.

The plans announced today by Housing Secretary Robert Jenrick are comprehensive and far ranging – which may be the stimulus needed to throw off England’s housebuilding torpor.

No one could accuse the nation’s housebuilders of giving us too much of a good thing. Right across the board – from the private sector to housing associations, and local authorities – building figures have plateaued. Except for a brief spike in late 2018, completion numbers have not approached the 50,000 milestone since the global financial crisis.