The knock-on effects of the coronavirus – widespread panic, quarantine, falling oil prices, and weakening oil-dependent currencies like the Russian ruble – are hitting the real estate market hard, according to the founder and managing partner of Tranio, an international real estate broker and investment platform. George Kachmazov, who launched the Moscow-based company in 2010, said the hotel […]
Some big lenders have begun reopening their doors to British borrowers, making it easier to get a home loan. At the start of the coronavirus lockdown, several scrapped deals or only offered loans to those with large deposits. But this week Nationwide, Halifax, Virgin and Santander all made it easier for people to qualify for […]
Impact of coronavirus saw 57% fall in demand for rental housing in the two weeks to 30 March; the fall in demand has since bottomed out and rebounded 30%, off a low base, in the two weeks to 14 April Despite signs of life, rental demand is still 42% lower than at the start of […]
The National Residential Landlords Association (NRLA) supports calls for a package of measures from the government to support tenants affected by the coronavirus. The landlord association has welcomed the mayor of London’s plea to the government to provide funding to ensure the benefits system covers the cost of private rents for those tenants adversely affected […]
Demand for rental homes with outdoor space has surged in recent weeks as a result of the existing coronavirus lockdown, according to Rightmove. As the weather starts to improve, there is growing momentum for renting homes with a garden. Over the past week Rightmove searches by renters looking for a garden are almost double compared […]
There has been a sharp rise in demand for rental homes as more people start planning for life after the existing lockdown, new figures show. Demand for rental property increased by 30% in the two weeks to 14th April, although it is worth noting that this hike comes off a low base following the impact […]
Homes England, the government’s housing agency, has revealed that it acquired 19 sites in the last financial year worth £180 million, with the land having the capacity for 5,000 new homes across the country. Homes England has acquired 19 sites in the last financial year worth £180 million. The land has the capacity for 5,000 […]
Coronavirus has plunged the world into uncertainty and the constant news about the pandemic can feel relentless. All of this is taking its toll on people’s mental health, particularly those already living with conditions like anxiety and OCD. So how can we protect our mental health? Being concerned about the news is understandable, but for […]
Wage cuts and a surge in unemployment threaten to destabilize the housing market on an unprecedented scale, as the number of tenants who are unable to afford to pay their rent increases sharply, new research shows. The market has also stalled because buyers are unable to purchase property, and prices are likely to fall as […]
HMRC are suspending enquiries into taxpayers and businesses that are under investigation as a result of the COVID-19 pandemic. HMRC is writing to taxpayers under enquiry acknowledging that during the existing lockdown they are being instructed not to request information or documents and not to press for responses to requests already made, and in some […]