The UK is currently in the midst of the worst recession of any major economy, as its economic output shrank by 20.4% in the second quarter of 2020. This means the UK economy has contracted at roughly double the rate of the US and Germany. Rishi Sunak, Chancellor of the Exchequer, said: “I’ve said before […]
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Micheál Mahon (pictured), president of the Society of Chartered Surveyors Ireland, warned the country needs a sustainable construction and property industry if progress is to be made in addressing the housing crisis and its infrastructural deficit. He said that if the government was serious about tackling the housing crisis and building the 30,000 to 35,000 […]
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Research by property recruitment specialist Rayner Personnel has revealed that the estate agency sector saw the number of available jobs fall during the second quarter of this year, as the COVID-19 pandemic caused the property market to close its doors under lockdown restrictions. Rayner analysed data from the Office for National Statistics which showed 4,000 […]
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Smart Buildings specialists OKTO Technologies has launched a ‘Wellness Division’, OKTOair, an Artificial Intelligence-led air filtration solution. The filtration system has been proven during testing to remove a proxy virus for SARS-CoV-2, the virus that causes Covid-19, from the air with 99.98% elimination within 10 minutes and 100% in 45 minutes. The system was originally […]
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Newcastle-based housebuilder Bellway has seen completions and sales fall in 2020. In the year to 31st July 2020 completions fell by 31% to 7,522, down from 10,892 in the same period of 2019. Bellway sold 13.6% fewer homes in July than the same month last year. Jason Honeyman, chief executive, said: “Whilst the economic outlook […]
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Over half (56%) of Brits have broken up after moving in with a partner, research from Good Move has found. Leaving bags, clothes and shoes everywhere is the biggest bugbear when living with a partner (22%), with others being leaving the toilet seat up (21%) and not doing the washing up (21%). Nima Ghasri, director […]
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By James Gostling (pictured), lawyer at Devonshires Even by the standards of the housing market, it has been a rollercoaster few months. Just as the market was recovering from its Brexit malaise, coronavirus reared its head, causing the market to grind to an almost total halt. Though activity picked up remarkably quickly once restrictions were […]
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In Portsmouth there are 12 pubs per square mile, the most among locations analysed by Mojo Mortgages. Other locations with lots of pubs include Brighton and Hove (11), Norwich (11) and Bristol (10). Mojo Mortgages analysed 51,168 pubs across the country and worked out the number of pubs per square mile in each location. In […]
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Data from online mortgage broker Trussle has found that the stamp duty cut has not had an immediate impact on the UK mortgage market, despite reports that the holiday has fuelled a rise in property searches. Research by Trussle has found that the situation is increasingly challenging for those unable to gather more than a […]
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Loans to pay off rent arrears built during the COVID-19 pandemic will now be available to tenants in Wales following a campaign by the National Residential Landlords Association (NRLA). The NRLA has been lobbying the Welsh Government to provide more support for landlords and tenants affected by the crisis, with a loan system one of its […]
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