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Alpa Bhakta, chief executive of Butterfield Mortgages Limited Those who have been keeping a keen eye on the prime central London (PCL) property market over the last five years would have noticed significant spikes and troughs in demand. However, nothing could have prepared investors for the unprecedented economic impact of COVID-19. Just as market uncertainty […]
The post Should PCL property investors be worried by COVID-19? appeared first on PropertyWire.
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Commercial rent collection fell by 28.7% in March compared to the proceeding two years, Re-Leased has revealed in it COVID-19 Rent Collection Impact Report. Only 49.7% of rent due in the UK had been collected 10 days after the March quarter date. This contrasts to a collection average of 69.7% from the last two years […]
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People may look to live in properties more suited to working from home after the COVID-19 pandemic, said Ian Harris, associate at Watsons Property in Norwich. He said: “Judging from the conversations we have been having with people, priorities are definitely changing. “Many office workers are beginning to enjoy working at home and I can’t […]
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The mobile industry, banking and finance sector and the National Cyber Security Centre (NCSC) have joined forces to prevent criminals from sending scam text messages exploiting the current situation. The ongoing industry initiative by the Mobile Ecosystem Forum (MEF), Mobile UK and UK Finance, supported by the NCSC, is helping to identify and block fraudulent […]
The post Banking and mobile industries look to tackle COVID-19 text scams appeared first on PropertyWire.
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The JR Group has submitted a detailed planning application to Renfrewshire Council to transform the former Territorial Army building on Paisley’s High Street. The construction firm plans to turn it into student accommodation for the nearby University of the West of Scotland. Despite being subject to vandals and firebugs in recent years, the group aims […]
The post Plans submitted to transform iconic Paisley building appeared first on PropertyWire.
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Older homeowners are looking to downsize to townhouse and apartments to cut costs after the pandemic, according to Philip Jackson, director of Maguire Jackson. Jackson said: “We have seen continuing evidence of downsizing from those typical older owners in larger houses. “The upkeep of both the gardens, especially with some garden help services being unavailable, […]
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Three quarters (74%) of landlords have been contacted by tenants saying they will struggle to pay their rent since the government’s COVID-19 measures were introduced on 23 March. Renters’ unions are calling on the government to suspend rents for the duration of the coronavirus crisis. However Paul Shamplina, founder of Landlord Action, says there is […]
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Demand for rental property rebounded by 30% in the first two weeks of April, after falling by 57% in the last two weeks of March, Zoopla’s Rental Market Report has found. Seeing as the sales market was hit by a 70% fall in buyer demand, Zoopla suggested people were looking to rent rather than buy […]
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The coronavirus-induced lockdown will result in 38% fewer transactions than last year, estate agent Knight Frank has predicted. In all, there will be 526,000 fewer residential sales in 2020 compared to 2019. There were also be 350,000 fewer mortgage approvals, £4.4bn lost in stamp duty and a reduction of £1.6bn in VAT receipts. To get […]
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Some tenants are choosing between paying for food and bills and rent, according to research carried out for the Guardian by Opinium. Six in 10 rents have suffered financially due to the shutdown, with one in five of those saying they are forced to prioritise food and rent. Meanwhile one in four have left their […]
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