Buy-to-let landlords specialising in student accommodation are facing huge challenges with increased government legislation and the impact of Covid-19 on occupancy, said Mistoria Group, student buy-to-let investment specialists. Student landlords could see a huge drop in demand for accommodation when the next academic year starts. Some universities are focusing on online-only teaching, which may lead […]
The post Student landlords in trouble due to Covid-19 appeared first on PropertyWire.
Homes in the US are being snatched up quickly, in part due to a lack of stock, Zillow’s Weekly Market Report has found. Homes sold in the week ending July 4th were typically on the market for 20 days, a week faster than last year. And they are typically selling after only five days in […]
The post The US is currently a sellers’ market appeared first on PropertyWire.
Stephen de Stadler has been appointed chief executive of Fine & Country South Africa. He will take over the role from Linda Erasmus, is becoming the brand’s international ambassador, charged with expanding its global reach. Jon Cooke, global chief executive of Fine & Country, said: “We are excited about Stephen’s appointment and the vision that […]
The post Fine & Country International appoints CEO in South Africa appeared first on PropertyWire.
London faces an ‘impending tsunami of evictions’ if the government doesn’t take evasive action, warns Mayor of London Sadiq Khan. With the tenant eviction ban coming to an end on August 23rd, the Mayor made a number of suggestions in a letter to the government. The letter made a number of proposals. One being that […]
The post Mayor Sadiq Khan warns of ‘tsunami’ of COVID-19 evictions appeared first on PropertyWire.
Great Portland Estates are “well positioned” following results from the quarter to 30 June according to their latest trading results. The results show that £4.3m of new rent was signed throughout the quarter, with 11 lettings under offer for £12.1m, of which £7m is a Great Portland Estates share. This is reportedly 4.3% ahead of […]
The post Great Portland Estates unveil latest trading results appeared first on PropertyWire.
Nottingham Building Society’s estate agency and lettings activity are being transferred to the Belvoir Group after the pair signed a strategic partnership. The Nottingham will stop trading as its own estate agency and lettings operation for new business by the end of August. David Marlow, chief executive officer of The Nottingham, said: “After great consideration, […]
The post Belvoir takes over The Nottingham’s estate agency operation appeared first on PropertyWire.
Garret Flower is the chief executive & co-founder of ParkOffice.io – parking software for smart offices. Over the last few months the real estate community has been obsessing over COVID-proofing their buildings. Ensuring appropriate hygiene protocols are being followed and providing ample space to socially distance are key measures for landlords and occupiers. However, in […]
The post Why office parking demand has spiked since lockdown appeared first on PropertyWire.
Over half (53%) of property and commercial finance brokers are open for business at the same level as before Covid-19. A further 18% are operating at around 75% capacity, United Trust Bank’s Broker Sentiment Survey found. Although 40% of brokers are currently operating with less than a quarter of their staff typically in the office, […]
The post Brokers returning to business appeared first on PropertyWire.
Auctioneer iamsold has seen sales outdo last year, as people look for safe ways to buy amidst the pandemic. Compared to last year sales are up 20% and viewings 22%, as the company has seen both surge since the start of June. Jamie Cooke, managing director of iamsold, said: “It’s really encouraging to see this […]
The post Online auction activity surges from last year appeared first on PropertyWire.
Office markets in Edinburgh, Glasgow and Aberdeen were depleted in the second quarter of the year, CBRE research shows. This is hardly surprising, given that the nation spent almost the entirety of the period in lockdown. Over the second quarter of the year office take-up in Edinburgh totalled 26,876 sq ft, an 84% drop from […]
The post Scottish commercial office sector severely hit by Covid-19 appeared first on PropertyWire.