The Q3 2023 edition of Landmark’s Residential Property Trends Report is live. Within the report, you’ll find the latest insights into the residential property transaction pipeline from listings to SSTC/SSTM, and from searches to completions. 

Whilst supply is holding up, subsequent pipeline metrics such as SSTC / SSTM, searches ordered and completions remain low.

Key findings from Q3 include:

• Listing activity is up in England and Wales – 1% higher over Q3 ’23 vs Q3 ‘19.
• Completions dropped in England and Wales in Q3 ’23 – 35% lower than Q3 ‘19.
• In Scotland, listings are 4% up on Q3 ’19, but completions are subdued by 18% vs Q3 ’19.
• Overall, supply is still struggling to progress through the pipeline.

Download the Cross Market Activity edition for England, Wales and Scotland, and view the latest residential property market data for Q3 2023.

We hope you find the report helpful.

The Q2 2023 edition of Landmark’s Residential Property Trends Report is now live. Within the report, you’ll find the latest insights into the residential property transaction pipeline from listings to SSTC/SSTM, and from searches to completions. 

The report found that whilst supply is relatively strong, demand volumes are struggling to progress through the transactional pipeline.   

Headlines from Q2 include:
•    Supply is up in England and Wales – with listings 12% higher in June ’23 vs June ‘19
•    Completions dropped in England and Wales in Q2 ’23 – 39% lower than Q2 ‘19
•    In Scotland, the picture is marginally better but buyers are similarly constrained  
•    Overall, demand volumes struggle to progress across Great Britain as high interest rates, restricted mortgage availability and squeezed affordability continue to drive an uncertain market.

Did you know that the average time to buy a property in England is 133 days That’s 80% longer than in 2007. 

With transaction times lengthening, we delve into 15 years’ worth of data to uncover what’s really holding up the home-buying process.

Including sector-led perspectives from estate agency, conveyancing, surveying and lending, our Property Transactions Report investigates why buying a property in England and Wales is taking so long – and what we can do to unlock the value in the buying chain.

Our latest Property Transactions Report addresses some of the key questions facing the sector right now, including: 

• What’s the average time from instruction to completion?
• Where are the bottlenecks in the home-buying process?
• What’s the average turnaround time for a valuation?
• How can technology unlock the value in the transactional chain? 

Our recent webinar ‘The Law Society Guidance on the Impact of Climate Change on Solicitors: What does this mean for solicitors?’ is now available to watch on demand.

The webinar, hosted by Landmark, focussed on The Law Society Guidance on the Impact of Climate Change on Solicitors, and was originally shown on the 4th May.

The webinar was specifically designed for solicitors as a tool to help them understand the guidance and its implications.

The session covers two main areas of the guidance.

• Firstly, reducing the climate change impact of the law firm and its clients, which includes assessing annual carbon emissions and setting targets to achieve net zero by 2050.
• Secondly, the guidance examines climate change risks, including the duties of advising and warning clients about such risks.

Our distinguished speakers are Kirsty Green-Mann, Head of Corporate Responsibility at Burges Salmon LLP, Professor Robert Lee at Birmingham University, and Simon Boyle, Environmental Lawyer at Landmark. 

AGENDA:

• Summary of the Law Society Guidance and what this means for solicitors’ advice
• What’s the role that a law firm plays in reducing its carbon footprint and disclosing climate-related risks and opportunities?
• An overview of how Burges Salmon has implemented Net Zero
• Panel Discussion: What are the requirements for lawyers to fulfil the guidance and next steps for them
• Q&A

To watch the webinar on demand, please visit this page, and fill in the form.

The Q1 2023 edition of Landmark’s Residential Property Trends Report is now live. In it, you’ll find summaries of the last quarter’s residential property transaction pipeline from listings to SSTC/SSTM, and from searches to completions. 

The report shows partial signs of market recovery, with supply strengthening throughout the quarter, following the uncertainty of Q4 2022 – but overall volumes remain subdued.  

Headlines from Q1 include:

• Supply is up in England and Wales – from 10% lower in January ’23 vs ’19 to 6% higher in March ’23 vs ’19.
• Completions slowed in England and Wales in Q1 ‘23 – down 10% on Q4 ’22 volumes, likely due to the low SSTC figures at the end of Q4 ‘22.
• A slight uplift in volumes across all stages of the pipeline was seen in Scotland 
• Consumers’ ability to buy remains a crucial factor in influencing market trajectory after Q4 uncertainty

Download the Cross Market Activity edition for both England, Wales and Scotland, and review the latest data from the UK property market during the first quarter of 2023. 

We hope you find it useful.

This survey and guide reveals how a desire for more information about climate and the environment may start changing residential conveyancing processes. 

The transition to Net Zero is a long term goal, but it’s clear home movers are factoring climate change into their decisions now. Our parent company Landmark’s survey shows there’s already a desire for more data, earlier in the process. It’s a revealing snapshot.

Download the guide to find out:

1. Residential conveyancers views on who is responsible for advising on climate change 
2. The percentage of home movers prepared to invest in energy efficiency measures 
3. How agents and conveyancers are handling the need for a Net Zero strategy
4. What percentage of firms are reporting on future climate change risks to their clients 

Residential estate agents and conveyancers are trusted to source the right information at the right time. This survey shows that many firms want more guidance from authoritative organisations on the provision of climate change information to home movers.   

Landmark Information Group provides climate data to colleagues working in every part of the property industry’s value chain. Our work includes surveys and reports like this one, surfacing insights on subjects such as Climate Change, Digital Transformation, and the Home Mover Experience.  

Download the guide, understand colleagues’ views on reporting around climate change and information exchange with vendors and purchasers.  

Complete the form, we’ll send our guide – View on Climate Change Information in Residential Conveyancing – straight to your in-box.