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:
- Residential conveyancers views on who is responsible for advising on climate change
- The percentage of home movers prepared to invest in energy efficiency measures
- How agents and conveyancers are handling the need for a Net Zero strategy
- 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.
The latest report from our parent company Landmark’s Market Research analysis focuses on how the residential property sector is embracing automation and deriving benefits from digital transformation.
It’s clear, being able to surface more insights earlier can speed up transactions and deliver more buyer certainty. Landmark asked over 100 residential conveyancers to share their experiences of going digital and moving to a business model that automates more key systems.
Discover:
- The percentage of firms committed to automation and increasing their IT budgets
- The biggest challenges to digital transformation – what’s holding business back
- Which aspects of the sales process might benefit most from more automation
- The percentage of businesses that say automation makes them more profitable
Landmark Information Group collects, manages and delivers data across every part of the property industry’s value chain. The breadth of our work means we can undertake a wide range of surveys just like this one, surfacing key insights on subjects such as automation, Home Movers’ Experiences, and Climate Change.
The guide is available for download now.
Introducing the Landmark Climate Change Report: Helping property professionals, property investors and businesses to understand how climate change could impact a property.
It is highly important to start reporting on climate change and the numbers can prove it:
- 2022 was officially the warmest year on record for the UK (Source: BBC)
- Large-scale action in all sectors of the economy will be required, including tackling emissions generated by the building stock, which accounts for 31% of our national emissions. (Souce: Gov.uk)
- 25 percent of the UK’s total greenhouse gas emissions are attributable to the built environment. (Source: parliament.uk)
The Landmark Climate Change Report is a desktop report, designed to enable property professionals to understand how climate change could impact a given residential or commercial property. Unlike other reports in the market, it benefits from understanding the concerns of both:
- Physical risks [flooding, subsidence, heat stress, coastal erosion]
- Transition risks [energy performance]
The report is property specific, based on a UPRN, and doesn’t stop with providing just data; delivered in an intuitive format Landmark Climate Change Report gives property professionals the ability to inform clients with advice and recommendations relating to climate change.
Who is this report for?
The Landmark Climate Change Report is for real estate lawyers and residential conveyancers¿ who want to provide best practice due diligence and inform their clients on future climate change risks
The report gives the ability to inform on short, medium and long-term physical and transitional climate-related risks for a specific property with advice and recommendations if appropriate, delivered in an intuitive format unlike current reports in the market which provide unsupported data and little explanation in every environmental report, regardless of requirements.
Further reading
Landmark asked leading experts in their property-related fields to contribute to a white paper, which sets out the physical and transitional risks that the industry faces – and proposes workable solutions to the challenge of reporting on and responding to the risks.
Read the executive summary of the Landmark Climate Change white paper here
Additionally, you can also check out a series of Landmark blog posts here:
- A duty to warn of climate-related risks
- How property lawyers can act now on climate change
- Reflections at the end of COP 27
- Climate change: there is no time left for prevarication or procrastination
- Climate change: you can’t fix what you don’t measure
Our parent company Landmark have released their Residential Conveyancing and Home Movers’ experiences in 2022 guide, revealing the experiences from both sides of the conveyancing landscape.
Within the guide, you can discover:
- The four biggest causes of delays for residential conveyancers
- Which changes would improve the buying experience most
- Levels of buyer-concern around problems arising post-purchase
- The extent to which recruitment is still a challenge in the industry
This guide is part of a series of market research analysis, conducted in late 2022, in which over 140 senior residential conveyancers and commercial real estate lawyers, along with colleagues and 501 home movers were surveyed. Over the coming weeks future reports on Digital Transformation and Climate Change will also be available.
Download the guide, explore the commonalities that may help professionals in the land and property industry to make more robust decisions in line with home movers’ needs.
This is a snippet of a blog post written by Simon Boyle, a solicitor from Landmark Information Group, reflecting on thoughts post-COP 27. To read the full post, click here.
The 27th Conference of the Parties held at Sharm el-Sheikh has drawn to a close. As with the previous COPs it has had mixed results. There was a positive development in the agreement to set up the loss and damage fund to help the poorest countries- but overall it did not deliver that which was urgently needed- a binding target on the big emitters whose economies are still mainly powered by fossil fuels. At the start of the conference Alok Sharma (President of the 26th United Nations Climate Change Conference and British Politician) warned that this was the last opportunity that world leaders had to ensure that the global temperature would not exceed 1.5 degrees c.
But with the failure to agree on binding targets, especially from the three biggest emitters China, US and India, it is looking almost certain that the critical 1.5°C goal set by the Paris COP in 2015 is not going to be achieved.
This should be ringing alarm bells across the world. We are already experiencing the effects of climate change from the 1.1°C rise that we have had so far. And of course, things will get a lot worse once we get to the 1.5°C of warming. But it is at least far better than a 2°C rise within the next 20 years.
That extra half degree additional increase may sound relatively modest but the global effects on both ecosystems and humans would be profound. For example, at 1.5°C of warming 8 % of plants will lose their habitable area but this doubles to 16% at a 2°C rise. A 1.5°C rise is predicted to destroy 70% of the world’s coral reefs but a 2°C rise will wipe them out entirely.
You can read Simon’s full post on the Landmark blog page here. To read more blogs from Landmark, click here.