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The housing ladder needs some more rungs. It’s all very well saying that anyone can buy but when the percentage of homeowners has stood still since 2013 it seems clear navigating the housing ladder is too precarious for most people to do so safely.

Andy Sommerville, Director at Search Acumen, comments: “The end of the decade can’t come soon enough for those in the housebuilding trade. Since the financial crisis we’ve seen rates of planning applications flat line for nearly a whole decade.”

Brexit uncertainty has contributed to a £20.6m drop in the daily amount spent by commercial buyers on real estate transactions across England and Wales since 2017, as the property market stutters through a challenging year according to the latest report from property data insight and technology provider Search Acumen.

The conveyancing industry has been forced to react as the market slowdown is aggravated by Brexit uncertainties, according to the Q3 2019 edition of the Conveyancing Market Tracker from Search Acumen, the property data insight and technology provider.

Managing due diligence and planning around complex commercial real estate transactions can be fraught with risk. Relying on paper trails which take months to collate mean that problems can be overlooked, and issues not identified until a development is in process. This can often cost projects time and money.