The National Federation of Housebuilders (NFB) has appealed to the government to help SME developers under pressure due to the pandemic. The body said many medium sized businesses are too large for the small business, Coronavirus Business Interruption Loan Scheme (CBILS) but too small for the investment grade loans, though the Corporate Financing Facility (CCFF). […]
The post NFB: SME developers need government help appeared first on PropertyWire.
The government has increased housing benefit and universal credit so the Local Housing Allowance will cover at least 30% of market rents. Almost £7bn is being pumped into welfare to protect people’s incomes. Universal credit is being increased by £1,000 a year, with the standard allowance of £323.22 a month for a single person and […]
The post Government raises universal credit and housing benefit appeared first on PropertyWire.
Global real estate advisor CBRE is urging the Scottish government to reconsider the introduction of a section of the Non-Domestic Rates (Scotland) Act which will remove Scottish businesses’ rights to lodge rating valuation appeals based on economic changes. The Act is due to come into force on 1 April 2020. Brian Rogan, head of CBRE […]
The post CBRE asks Scotland to reconsider removing Scottish businesses’ rights to lodge rating valuation appeals appeared first on PropertyWire.
The gap between the cost of renting in the North and South of England has widened, research from Hamptons International found. The North-South rental divide has increased by 11% since February 2014. The average home in the South costs £519 per month more than one in the North of England, up from £396 in February […]
The post North-South rental divide widens appeared first on PropertyWire.
Zoopla is offering a discounted service to attract agents struggling due to the COVID-19 pandemic. Agents can now choose an 18-month contract where the first nine months is free providing they don’t use Rightmove during that duration. Alternatively, agents can use the portal for three months as part of an 18-month contract, while the free […]
The post Zoopla offers discounted service to woo agents appeared first on PropertyWire.
The Bank of England has cut the interest rate to 0.1% and injected £200m into the economy through bond purchases. This is the second cut the Bank’s Monetary Policy Committee has made via an emergency meeting in two weeks, after it slashed the rate from 0.75% to 0.25% last week. A Monetary Policy Committee statement […]
The post Bank of England cuts interest rate again to 0.1% appeared first on PropertyWire.
James Thornton is chief executive of Mayfair Capital Real estate impact – short term It is still too early to fully assess the impact of coronavirus on the UK real estate market as this will depend on the duration and severity of the current outbreak. However, we can identify some short-term implications related to pricing […]
The post Mayfair Capital: Impact of coronavirus outbreak on UK real estate appeared first on PropertyWire.
Sales and viewings through online estate agents are falling considerably now the coronavirus outbreak worsened, data from online estate agency Doorsteps indicates. Its daily sales have fallen by 77% from the first week of March to the third, while there’s been a 51% drop in daily bookings for viewing properties. Akshay Ruparelia, managing director, said: […]
The post Coronavirus causing slump in sales and viewings appeared first on PropertyWire.
Homeowners who see their homes fall in value need to keep some perspective, given that prices tend to recover from short-term dips, Sarah Coles, personal finance analyst at Hargreaves Lansdown, said. It seems likely house prices could fall this year due to the economic slump caused by coronavirus, which could be a particular blow to […]
The post Hargreaves Lansdown calls for ‘perspective’ on house price falls appeared first on PropertyWire.
A new estate agency portal called Openbrix is set to go live in April. The portal will provide estate agents with free listings for its first three months, while it promises to be cheaper than other portals like Rightmove after that period. The company is currently undergoing a live trial. The firm pledged to allow […]
The post Property portal Openbrix set for April launch appeared first on PropertyWire.