Demand for rental property rebounded by 30% in the first two weeks of April, after falling by 57% in the last two weeks of March, Zoopla’s Rental Market Report has found. Seeing as the sales market was hit by a 70% fall in buyer demand, Zoopla suggested people were looking to rent rather than buy […]
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The coronavirus-induced lockdown will result in 38% fewer transactions than last year, estate agent Knight Frank has predicted. In all, there will be 526,000 fewer residential sales in 2020 compared to 2019. There were also be 350,000 fewer mortgage approvals, £4.4bn lost in stamp duty and a reduction of £1.6bn in VAT receipts. To get […]
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Some tenants are choosing between paying for food and bills and rent, according to research carried out for the Guardian by Opinium. Six in 10 rents have suffered financially due to the shutdown, with one in five of those saying they are forced to prioritise food and rent. Meanwhile one in four have left their […]
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Lettings platform Goodlord will host a series of free webinars designed to support agents and landlords looking for help on getting through the current crisis. This week Paul Shamplina, founder of Landlord Action, will co-host an industry webinar alongside Goodlord’s head of insurance, Oli Sherlock, to discuss new legislation around tenant non-payment of rent and […]
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Most sellers already on the market, and those with a sale already agreed, are continuing with their plans to move once it is deemed safe enough, Rightmove’s House Price Index has found. Despite the lockdown total stock for sale has only fallen by 2.6% since the lockdown. Rightmove said there weren’t enough properties coming to […]
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The number of completed homes for build-to-rent have increased by 42% between the first quarter of 2019 and the same period in 2020. Research published by the British Property Federation shows there are 157,512 build-to-rent homes complete, under construction or in planning across the UK. As it stands there are 33,505 build-to-rent homes under construction, […]
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The Guild of Property Professionals and sister company Fine & Country have sent a letter to the government arguing why estate and lettings agents should be one of the first industries to return to work. The firm said the housing sector is one of the most important influencers in the economy and will be key […]
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Jamie Johnson is chief executive of FJP Investment When Chancellor Rishi Sunak delivered the long awaited 2020 Spring Budget, it was clear that many of bold policy announcements the government had originally intended to announce had been removed from the final policy document. Having come to power to December 2019, this was meant to be […]
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Delving into the impact that the outbreak will have on planners, Jonathan Bainbridge and Nigel Hawkey, planning partners at property consultancy Bidwells, discusses whether the use of digital technology will be the way forward in the planning sector during COVID-19 crisis. Planners in both the public and private sectors will find their work is massively […]
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CrystalRoof’s property tracker is now mapping the coronavirus crisis to help potential buyers know how many existing and new cases of COVID-19 there in a given area. The map, which was created for mobile, provides heat maps and graphs to show where cases and plateaus are. Victoria Varzinova, chief executive of CrystalRoof, said: “Our mission […]
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