Zoopla: £82bn of UK house sales on hold as transactions set to halve in 2020 April 28, 2020 Hundreds of thousands of property transactions have been put on hold as the UK housing market freezes up during the coronavirus lockdown, with house sales set to fall 50 per cent this year. Roughly 373,000 property transactions with a total value of £82bn are on hold after the government put in place strict coronavirus restrictions, [...]
Housebuilding set to drop 35 per cent in 2020, says report April 27, 2020 Coronavirus lockdown measures will mean 35 per cent fewer houses will be built in the UK in 2020 than originally planned, according to a new report, a fall likely to add to the stresses in the British housing market over the coming years. Property consultant Knight Frank predicted in a new report that around 104,000 [...]
Persimmon will start reopening construction sites next week April 24, 2020 Persimmon has announced a phased restart to work on its construction sites from next week, as the housebuilding sector starts to return to work. The housebuilder said it will start to open up sites from 27 April “in response to the UK government’s objective of getting the construction sector back to work.” Following the announcement [...]
Commercial landlords banned from using ‘aggressive’ rent collection tactics April 23, 2020 UK shops, restaurants and pubs will be protected against aggressive rent recovery action during the coronavirus crisis after the government issued new rules for commercial landlords. The government has temporarily banned the use of statutory demands and winding up orders until at least June following pressure from the retail and hospitality sectors. Many retail, hospitality [...]
Taylor Wimpey plans to start reopening construction sites next month April 23, 2020 Housebuilder Taylor Wimpey has announced plans to reopen the majority of its construction sites in England and Wales at the start of May. Taylor Wimpey will be the first major housebuilder to reopen sites after weeks of lockdown. The firm said site management teams will return on 4 May, with the first subcontractors returning on [...]
It’s official: Coronavirus killed UK house prices’ Brexit recovery April 22, 2020 Signs of recovery in UK house prices at the start of the year have been brought to an abrupt halt by the coronavirus crisis. Figures from the Land Registry and the ONS show inflation fell back to 1.1 per cent in February after climbing to an eight-month high of 1.5 per cent in January. The [...]
Rental moves to drop 25 per cent in 2020 due to coronavirus lockdown April 21, 2020 Rental moves are set to fall by a quarter this year due to the impact of the coronavirus lockdown, according to the latest research. There are around 1.2m moves each year in the UK lettings market, but the number is expected to plummet 25 per cent in 2020 compared to last year. However, demand for [...]
Affordable housing industry switching on to Switchee’s innovative data tools April 21, 2020 | Sponsored Switchee is the leading provider of sensor-based analytics to the affordable housing industry. Switchee is proud to have been recognised as an innovative solution to the problems facing housing providers in housing maintenance, customer communication and carbon reduction. Switchee is directly helping to fight fuel poverty affecting the UK’s 3.9 million affordable housing households. By [...]
US home sales slump in March as coronavirus bites April 21, 2020 US home sales tumbled at the fastest rate in over four years in March, figures have shown, as coronavirus containment measures choked off buyer demand in one of the biggest markets in the world. Existing home sales slumped 8.5 per cent in March to a seasonally adjusted annual rate of 5.27m units, the National Association [...]
London property: Number of new homes on the market drops across all boroughs April 20, 2020 The London property market has been hit by the UK’s coronavirus lockdown, with all boroughs suffering a sharp decline in the number of new homes on the market. Outer boroughs such as Hillingdon and Bromley have seen the steepest drop, with the number of new homes for sale falling 91 per cent since restrictions were [...]
