New data has indicated that the majority of home buyers in the UK are using online methods to research property.
Ahead of the 83% global average, HSBC figures revealed that the proportion of UK house hunters utilising online channels for property research has reached 93%. Of those who had recently purchased a property, over half (51%) stated that they had begun by corresponding with an online estate agent as opposed to one in person.
According to HSBC, it may not be just searching for a property that is making the move online. Given the growing range of services that property websites are able to provide, the bank has stated that process time could be drastically reduced as a result, with conveyancing, financing and negotiation all taking place via digital means.