House building sector law firm Shulmans LLP has reported a 15% increase in new home and part exchange transactions in the last 12 months.
This comes after the growth announcements reported by Bovis and Persimmon during the past two days, with these companies reporting increased half-year sales of 2.5% and 7% respectively.
Shulmans argues it can provide a wider take on the industry’s performance from the work it has undertaken on behalf of its extensive and varied selection of house builder clients.
Rosemary Edwards, head of residential development at Shulmans, said: “These figures back up what we’ve seen on a wider industry level, with a 15% increase in new home and part exchange transactions in the last 12 months.
“We’ve seen growth across our housebuilder client base, including national companies like Barratt and David Wilson Homes, regional house builders such as Harron Homes and Duchy Homes, and social housing providers like Home Group.
“Shulmans currently handles approximately 2,000 of these transactions a year, meaning that our figures provide a representative snapshot of the wider-industry, which is good news all round for the house building sector.”