Demand for conveyancing strong in early autumn

When people are buying or selling properties, they generally need to enlist the help of conveyancing solicitors. These days, many people are making the most of the online conveyancing services available, as this can be highly convenient and great value for money.

Meanwhile, new research suggests that the demand for such services may have been up in early autumn. According to figures released by LSL Property Services, there was an increase in property transactions during September.

It noted a fall in the cost of homes in many parts of the England and Wales and suggested the availability of affordable mortgages had boosted buyer confidence, meaning they were more willing and able to enter into agreements with sellers.

The firm recorded a 9.5 per cent rise in property transactions over the course of the 30-day period compared with the previous month.

Also, it revealed that average monthly prices dropped by 0.3 per cent in September and were down 2.3 per cent on the year. These figures are likely to receive a mixed reaction among those who may be looking to make use of conveyancing solicitors. People who are buying homes may welcome the news, while those who might soon make use of online conveyancing to sell their residences may be discouraged.

Responding to the findings, director of LSL Property Services David Newnes said: “The modest summer recovery came to an abrupt end in September, reminding us there are still serious barriers to a sustained property market recovery.

“Outside London, prices are falling throughout England and Wales and this has contributed to a fall in the average house price of 2.3 per cent in the last 12 months.”

The expert went on to remark: “This looks like bad news for property owners, but over the medium term, despite short-term fluctuations, the property market has been stable.”

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