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Elevate Property Group (EPR) is planning to build a mixed-use complex in Ashford, Kent, the UK.The project includes the construction of 216 apartments, a 120-bedroom hotel, a community center, parking and related facilities, and the installation of safety and security systems.J A Ball Ltd has been appointed as the construction contractor.As of August 2018, planning activities are underway.Construction is scheduled to be complete by the second quarter of 2020. Read More
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Through the end of 2025, the Conveyancing Services industry has experienced volatility in line with fluctuations in the housing market and interest rates. Robust demand for residential property in 2020 and 2021 resulted in a boom for conveyancers. However, elevated mortgage rates and declining home sales in 2022 and the following years have decreased demand for residential conveyancing services. In 2024, existing home sales fell by 0.7%, leading to decreased workloads and revenue for conveyancing firms. Firms have attempted to counteract this trend by increasing digital technology to streamline processes and reduce costs. On a positive note, a climb in mergers and acquisition deal volumes by 9.0% in 2024 has created new work for conveyancers. Overall, industry revenue has dropped at a CAGR of 2.0% over the past five years to reach $22.1 billion in 2025, despite an estimated 2.0% climb in 2025. Profit has fallen over the past five years amid uneven demand and a gain in competition. The industry relies heavily on demand from businesses. Like the residential real estate market, the commercial real estate market has endured significant volatility over the past five years. The sales of office buildings increased by 21.0% from 2023 to 2024, benefiting the industry. Conveyancing services are needed to manage the legal intricacies of such property transactions. Converting underperforming office spaces into alternative uses also opens more opportunities for conveyancers. The adoption of AI-powered tools to automate tasks is also becoming widespread, improving the overall efficiency and competitiveness of the industry. Through the end of 2030, the industry will face challenges because of a tightening housing supply, which is likely to hamper the number of existing home sales and decelerate demand for residential conveyancing services. However, increased deregulation driving higher M&A activity will present new growth opportunities. Competition is expected to intensify because of the entry of new cpnveyancers in the market, pushing firms to further invest in digital tools for efficiency. Cyber-security will also be paramount because of the adoption of digital platforms. Industry revenue will gain at a CAGR of 2.4% to reach $24.9 billion in 2030.
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https://www.globaldata.com/privacy-policy/https://www.globaldata.com/privacy-policy/
Elevate Property Group (EPR) is planning to build a mixed-use complex in Ashford, Kent, the UK.The project includes the construction of 216 apartments, a 120-bedroom hotel, a community center, parking and related facilities, and the installation of safety and security systems.J A Ball Ltd has been appointed as the construction contractor.As of August 2018, planning activities are underway.Construction is scheduled to be complete by the second quarter of 2020. Read More