I had an interesting time exploring how difficult it is for developers to keep the public happy in these conditions last week. It seems like pressure from the government means consultations on developments are happening at the same pace as usual, which will surely cause friction between the public and both housebuilders and councils. In […]
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The average time it takes to let a rental property rose to a record 29 days in April 2020 due to the lockdown measures, the Hamptons International Lettings Index has found. This represents an increase from 24 days in April 2019, while it took just 18 days back in April 2013. Due to the pandemic […]
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Three quarters (77%) of brokers reckon mortgage lending will recover to pre COVID-19 levels within 9 months, while half (51%) believe it will happen within 6 months, research from Smart Money People has found. Appointed representatives are more optimistic than directly authorised brokers, with 59% of ARs predicting that lending levels will recover within six […]
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By Jan Večerka, the chief executive and founder of BrikkApp Though the coronavirus’ effects on many sectors have been well documented by this point, its impact on the real estate investment market remains cloudy, with many predicting a slight downturn in the short-term. On the other hand, the outlook for online real estate investment, something […]
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There has been a huge spike in the number of Rightmove property adverts with virtual tours – and that’s before the lockdown measures even came into force, analysis from Made Snappy shows. Between mid-April – when lockdown measures were at their most severe – and mid-May, the number of lettings listings with virtual tours increased […]
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There were 4,420 buy-to-let mortgages in arrears of more than 2.5% in the first quarter of 2020, 6% fewer than the same quarter the previous year. UK Finance research also found there were 1,170 buy-to-let mortgages in arrears of more than 10%, 3% less than the corresponding period in 2019. Despite the positivity 640 buy-to-let […]
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Surveyors reckon property sales will take nine months to recover on average (mean), the RICS residential survey for April found. Some -57% more contributors expected sales to fall than rise in the coming three months. A net balance of -93% of contributors reported a decline in new buyer enquiries in April. A third (35%) of […]
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Alumno Student in Manchester has been granted permission to build a nine-storey high student residence near the Mancunian Way. The development is on a site currently occupied by the Church Inn public house, which has fallen into disuse as it is no longer viable to run. The developer collaborated with the local community and Manchester […]
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The Irish public expect the lifting of social distancing restrictions to be slow and gradual, with most indoor social activities not possible until at least September, research from ESRI has found. Most also believe that the lifting of restrictions should prioritise necessities ahead of leisure activities. Cameron Belton of the ESRI’s Behavioural Research Unit said: […]
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Short-term and marketplace lender Fiduciam completed two loans in Spain this week totaling €2.45m. The nature and complexity of the businesses involved meant that traditional banks were unable to provide a quick turnaround. Cristina Villen (pictured), business development manager for the Spanish team at Fiduciam, said: “It’s always pleasing to be able to provide funding […]
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