Active property law firms continue to drop in 2024 with transactions down 22% – learn more with Search Acumen
- Total transactions across the residential and commercial real estate market are down by -22% annually.
- December 2023 recorded the fewest property transactions per month (56,397) since the pandemic.
- Active law firms have reduced by -3% in the first six months of the year as a result, or by around 130 firms.
- The average property law firm handled -19% fewer caseloads in the first half of 2024 compared to the same period last year.
- Law firms have averaged 61 caseloads per quarter in 2024, compared to 74 across the same period in 2023, and 94 at its peak in Q1 2022.
Read more here: https://www.search-acumen.co.uk/news/active-property-law-firms-continue-to-drop-in-2024-with-transactions-down-22/
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