There has been a significant increase in the number of rental properties hitting the market after lockdown on the sector was lifted last week. Fresh analysis of rental stock figures sourced from Rightmove and Zoopla shows that the number of rental properties coming onto the market has surged by up to 44% in some UK cities […]
Andy Haldane, the Bank of England’s chief economist, has told the Sunday Telegraph that negative interest rates could be considered in an effort to combat economic effects of the coronavirus lockdown measures. Haldane indicated the Bank of England is currently reviewing a number of monetary options it could take in its response to the global pandemic. These […]
House moves and viewings in England are allowed from today as the government changed guidance imposed due to the coronavirus pandemic. Measures were introduced to parliament on Tuesday to allow those buying and selling homes and renting to move, an update on advice issued in late March that only house moves to vacant properties be […]
There was a 70 per cent surge in property hunters messaging estate agents via the Rightmove website this morning compared to yesterday following the government’s announcement that viewings and home moves can resume. Visits to Rightmove were up by 45 per cent earlier today compared to yesterday and 2,115 new properties were added to the […]
The UK property market is currently on hold due to the government’s lockdown restrictions. Although in-person property viewings and valuations can’t take place at the moment, some transactions have still been going through. It’s estimated, however, that the number of transactions in recent weeks has dropped by around 60%. For those operating in the prime […]
Buy-to-let landlords in England will soon need to ensure electrical installation inspections and testing are carried out for all new tenancies in England from 1 July 2020 or from 1 April 2021 for existing tenancies, under the Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020. The new regulations will mean that landlords […]
A reduction in rental stock entering the market during the existing lockdown could result in higher rental costs for tenants, according to Ome. The rental deposit replacement scheme investigated the percentage of buy-to-let mortgage loans approved over the last five years as a percentage of all loans. The figures from the Financial Conduct Authority show that the number […]
The UK lockdown has been essential for containing the spread of coronavirus, but it is causing major disruption and distress, so when can it be lifted? There are huge decisions for the government to make, as it looks to balance saving lives today with long-term damage to society. But as soon as the lockdown is eased, […]
A Chinese-led house buying boom is on the way in the UK, according to the CEO of Emerging Communications, a Chinese marketing consultancy. Domenica Di Lieto says the recent drop in sterling (caused by both Brexit and then Covid-19), and the emergence of China from the virus crisis, has sparked a new high in the […]
The number of tenants renewing private tenancy agreements is rising, as people opt to stay put given the global uncertainty. The number of tenancy renewals agreed since lockdown measures were introduced is 15% higher than the equivalent period last year and the highest figure in 10 years, according to Knight Frank. The renewal agreements relate […]