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The number of properties in England and Wales owned by overseas companies has fallen by 4,000 since the EU Referendum, reveals new research by Search Acumen, the property data insight and technology provider.

Andy Sommerville, Director of Search Acumen, comments: “This latest data underlines the scale of the sharp bounce back the construction sector has undergone since the troughs of lockdown.

Andy Sommerville, Director of Search Acumen, comments: “The proposed Conveyancing Standards Bill has the right message when it comes to ensuring consumer protection for people making possibly the single most important investment of their lives.

While MHCLG has previously provided some pertinent guidance for improving the home buying and selling process, more needs to be done at a time when the market is struggling with delays and failing to match rising levels of demand. Industry commitment is now needed to take its guidance one step further.

Search Acumen, the property data insight and technology provider, has launched a new report aimed at helping real estate lawyers to identify risk early on, progress transactions more efficiently and better manage the sharp rise in demand in the UK’s property market.