Young people spent £213 on their gardens during lockdown


Millennials typically spent £213 per person on their gardens during lockdown, the highest of any age group, LV= research has found. The demographic was most likely to state their their garden improves their overall wellbeing (45%), compared to 39% nationwide Making the most of the weather, one in five (20%) millennials who invested in their […]

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The Guild members reflect on what’s happening one month after lockdown


Members of The Guild of Property Professionals reflect on what is happening in the market post-lockdown Activity surged as the market reopened; are you still seeing high levels of activity? Gary Lund, director at Royston & Lund, said: “We are currently experiencing very high levels of activity with many new instructions, as well as viewings […]

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Just 18.2% of commercial rents received on June quarter day


Only 18.2% of commercial rents in the UK were collected by landlords on 24th June, Re-Leased, the cloud-based commercial property management platform, has revealed This is down from 25.3% received on March quarter rent day, representing a decline of -28% over the three-month period. Tom Wallace, chief executive of Re-Leased, said “For months, the industry […]

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Wales and Cornwall are most popular UK holiday home locations


Wales is the top holiday home location in the UK for 2020/21, research from holiday home insurance company Schofields Ltd has revealed. Some 15.35% of UK holiday homes are located in the UK, followed by Cornwall (12.82%), Scotland (9.30%), Devon (8.39%) and North Yorkshire (8.13%). Renewed holiday home contracts were also compared to new contracts […]

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London housing association calls for development tax to ease the housing crisis


Housing association Network Homes has called for major reforms of the land market, including a flat affordable housing tax for developers to replace the existing system of developer contributions. The association argued that unaffordable developable land is at the heart of the housing crisis. It made three recommendations to make land deliver more homes: Allow […]

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Covid-19 could bring some positive change


Jason Arden (pictured) is chief executive of Eastbank, a property company that manages, develops and retains a portfolio of residential properties in East and South London In recent months, we’ve all had to rethink how we do business, but, we are now starting to see significant changes in how people live and work and, this […]

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Housing market activity rebounds


House sales and demand rebounded in May 2020, NAEA Propertymark’s Housing Report has revealed. There were typically five sales per branch in May, down from nine before the lockdown in February. Demand for housing has risen from 322 in February to 344 in May. Mark Hayward, chief executive, NAEA Propertymark, said: “It’s great to see […]

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Government urged to protect firms if they are forced to quarantine again


Tax and advisory firm Blick Rothenberg has called on the government to help businesses if they are forced to lockdown a second time. The UK is slowly relaxing the lockdown, as public places like cinemas, museums, pubs, restaurants and hotels are set to reopen on 4th July. However if there’s a local outbreak or a […]

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Principality Building Society unveils Julie-Ann Haines as CEO


Principality Building Society has appointed Julie-Ann Haines as chief executive officer, subject to regulatory approval. Haines joined the society as head of strategy and e-channels in 2007 and is currently the chief customer officer. She previously worked at HBOS (now part of Lloyds Banking Group) in the card services division. She said: “As leader of […]

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