The Conveyancing Services industry has suffered tremendously due to the credit crisis. The rapid decline of the housing market during the recession caused industry revenue to fall dramatically through to 2011. However, in the five years to 2019, the continued recovery of the US real estate property market will be the key driving factor for revenue growth. The industry returned to growth in 2012 and is expected to consistently grow over the next five years, following a dip in 2014, as higher volumes of existing home sales and rising housing starts boost industry performance. Furthermore, the house price index is expected to rise and add further value to sales in the real estate market.
This industry comprises companies and legal practitioners (except lawyers and attorneys) that provide specialized legal or paralegal services. Conveyancing, which is the transfer of property rights involving an attorney to represent each of the buyer, seller and mortgage holder, is a major part of the services offered by these establishments.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.