“February’s uptick in activity highlights the continued recovery of the UK real estate market, with the impending Stamp Duty deadline acting as a significant driver for increased transactions. “This momentum was bolstered by a slight loosening of monetary conditions in February’s interest rate decision, even if the sector would have preferred for this trend to continue into this month. “A healthy property market depends on translating growing investor confidence into a steady, sustained flow of transactions. “Echoing the Chancellor’s Spring Statement on the need to modernise public services, transaction processes need to be ‘more efficient, more productive, and more focused on the user’. “AI enabled tools can help modernise our current archaic procedures and ensure buyer/seller activity keeps up the pace throughout the year.”
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