Auction House sold more than 150 lots in the first two weeks of the lockdown restrictions coming into force. The company usually runs room auction lots but switched online. Roger Lake, founding director of Auction House, said: “We’ve been thrilled with how successfully our tried and trusted system of selling online has clicked into place. […]
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I hope everyone had a good Easter despite the difficult circumstances. I thought last week’s analysis of Land Registry data from CashLady was revealing. Between December 2009 and December 2019 the biggest price rises were in Harlow, Essex (74.92%), followed by Southend-on-Sea (74.85%), Watford (74.75%), Thurrock (73.20%) and Cambridge (73.03%… This article is only available to […]
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Since the Coronavirus outbreak took hold 29% of UK companies have laid people off, rising to 39% in construction, figures from the Office for National Statistics show. Just under half (47%) of businesses took less cash in this period, rising to 90% for accommodation and food businesses. Only 40% of firms are confident they will […]
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The Royal Institute of Chartered Surveyors (RICS) and the National Federation of Builders (NFB) have called for a stamp duty holiday once the lockdown ends. RICS members are expecting house prices to fall over the next 12 months – but the organisation said temporarily removing stamp duty would help quickly get the market running again. […]
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Expat mortgage broker Guy Stephenson of Offshoreonline is positive interest in UK property from overseas will start strong once the UK lockdown is lifted. Stephenson said enquiries are now coming from Asia, adding that some parts of the world are less affected by the outbreak than the UK. He said: “The vast majority of expat […]
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Enquiries, sales volumes and instructions all fell off a cliff in March due to the coronavirus pandemic, the RICS UK Residential Survey found. Government measures introduced to combat the spread of the virus require estate agents to close their offices, as RICS branded activity ‘frozen’. A net balance of -74% of surveyors across the UK […]
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NHS workers are being provided with free parking by YourParkingSpace.co.uk in partnership with property businesses including Hammerson Plc and Canary Wharf Group. By registering on YourParkingSpace, NHS workers are provided with a unique code which enables them to use their NHS credentials to reserve spaces in over 900 car parks nationwide. Harrison Woods, chief executive […]
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Carmarthenshire is the most affordable rental location for successful self-isolation, research from Hamilton Fraser’s deposit replacement scheme, Ome, has found. It has an average monthly rent of £458, making it the most affordable of all areas with 100 people or less per square kilometre. The area is home to an estimated population of 187,568 people […]
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Estate agents have been urged to mitigate increases to professional indemnity insurance claims by having a vigilant risk management strategy. In economic downturns there are more professional indemnity claims, coinciding with rises in premiums and new legislation – and it should be no different with COVID-19. Paul Offley, the in-house compliance officer for epropservices, the […]
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Remortgage instructions have fallen by 20% since the government unveiled its restrictions on social gatherings in mid-March. Since then volumes have been fairly steady at a lower level. Tighter lending criteria, consumer income reduction & unemployment, and loss of all physical contact are all having an impact. The research comes from conveyancing solutions provider LMS, […]
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