By Mark Lewarne, head of real estate & workplace strategy at The Commercial Real Estate (CRE) sector has had some ups and downs over the years, but nothing could have prepared it for the unreal scenario currently confronting us all. On Tuesday (23 March), the government made two significant announcements: firstly, that only essential workers […]
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A 100-home development is set to launch in a Staffordshire village next month. Bellway is building the homes on a 14.7-acre site in Rolleston-on-Dove, near Burton upon Trent. The first homes at the development, which has been named Rolleston Manor, are to be released for sale in the summer. Marie Richards, sales director for Bellway […]
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The National Federation of Builders (NFB) has called for a consistent message from the government about safe on-site working practices. Housebuilder Taylor Wimpey is one of few firms to have closed its sites to protect the spread of coronavirus. Yesterday Prime Minister Boris Johnson said people may only leave home to exercise once per day, […]
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House prices will fall due to fallout from the COVID-19 pandemic, according to some experts. Ray Boulger, senior technical manager of broker John Charcol, predicted house prices to tumble by 10% over the next three months. Boulger said transactions should be even lower than in 2009 after the global financial crisis, as economic uncertainty dissuades […]
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The average deposit being paid by tenants has fallen by -10.3% since the ban on tenant fees was introduced in June 2019. The average tenant in England was paying £1,098 for a rental deposit in the six months prior to the tenant fee ban, though it fell to £985 in the six months after, research […]
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Estate agent Mullucks has created videos so people can view properties online. The videos have been created by the agent’s creative media producer Jesse Todd (pictured), who has been with Mullucks for over a year. Daniel Galati, managing director of Mullucks, said: “These videos are a key part of our marketing and provide an insight […]
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Crest Nicholson will launch its Green Acres at Alrewas development in Staffordshire in Spring. Located in the village of Alrewas, the development will comprise 84 traditional two, three, four and five bedroom homes. Bonnie Campbell, sales manager, Crest Nicholson Midlands, said: “We’re proud to be able to announce that Crest Nicholson will be launching Green […]
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Property technology company Goodlord has updated its Rent Protection Insurance product after the government banned evictions for three months. Going forward, if tenants are no longer able to meet their payment obligations, Goodlord will first-help landlords and tenants build and execute repayment plans. This process will include guidance on legal obligations, financial assessments, template payment […]
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US real estate marketplace Zillow has stopped buying new homes in the 24 markets where it operates. Zillow Offers works by purchasing homes, refurbishing them and selling them on. It will continue marketing and selling the homes it already owns. Rich Barton, chief executive of Zillow, said: “Our top priority is ensuring the safety and […]
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West Brom Building Society has withdrawn its remortgage product range in response to the coronavirus outbreak. Already submitted applications will continue, while those with a decision in principle have seven days to submit their application. In an email to mortgage brokers, West Brom said: “In light of recent developments concerning the coronavirus which presents a […]
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