Summer’s here – so it’s time to prepare for hotter conditions. Sadly, I am not talking about the weather but rather a rise in demand for surveying services.
In recent years, the sunny months have seen an unhappy combination of higher demand and lower effective surveyor capacity due to holidays causing something of a squeeze on turnaround times.
While the Council of Mortgage Lenders have predicted higher lending this year, it is something of a surprise to be hearing that some firms are already struggling with over demand in early March. With many lenders signalling a desire to up volumes in 2013 but not necessarily having commenced with their plans to do so, our industry needs to ensure it is in a position to respond to sustained higher demand for the rest of the year.
Lenders and valuers need to work together to innovate approaches that create additional effective capacity.
In some ways, this problem is of course good news and a signal that life is returning to the market- this is particularly true in London and the South-east, the traditional location for the start of many recoveries.
Other signs that confidence is rising include the announcement by Countrywide Group of its proposal to float imminently.
Having another listed property based business alongside the likes of our parent group LSL Property Service and Rightmove is likely in due course to bring more investor and institutional attention to the sector.
Maybe we are about to see the UK fall back in love with property again.