Business
Property investor-developers have reduced intended UK spend by £1.2bn, says the BPF
The British Property Federation has published a "Covid-19 recovery roadmap", suggesting that Stamp Duty be temporarily cut for institutional build-to-rent investors, and a reduction of VAT on residential…
Major housebuilder moves out of London as the pandemic has a ‘profound impact’ on the business
Redrow has "decided to scale-back [its] operations in London" to focus on regional projects. The Covid-19 pandemic has "shifted home movers' priorities", says the firm.
New platform aims ‘to build a complete picture of the property market’
Anthony Codling has launched a new website, Twindig, with an ambition to host an online profile for all of the UK’s 28 million homes.
Countrywide reveals lockdown impact & bounce-back performance
"Early trading indicators in England are encouraging and we expect a similar bounce back in Wales and Scotland," says Countrywide's Board ahead of the Plc's AGM.
Savills looks to recovery with lessons learned from the GFC
Agency has taken a similar approach to 2008/9, when conditions were also beyond control, to mitigate the impact of market shutdowns;
Hill teams up with Bioregional for affordable eco-home drive
New housebuilding JV aims to deliver innovative zero-carbon homes with "permanently protected" reduced prices.
Billionaire brothers go to court over asset sharing letter
The Hinduja brothers are embroiled in a High Court case over a six year old letter which states that “assets held in any single brother's name belong to all four”.
How it feels to steer a proptech start-up through a crisis
2020 was going great guns for Tom Reiss and the AI assistant he created for rental agencies and property managers - until the world was turned upside down by a global pandemic;
Strutts bolsters senior team; hints at digital shift & London expansion
Venerable national agency names new heads of regional, rural estates, new homes & London divisions;
NAEA boss warns ‘Covid fatigue’ could force another property market lockdown
"If the sector is seen to be abusing the safety rules, the Government has the right to withdraw its consent to keep the housing market open," warns Mark Hayward, Chief Executive of the National Association…
Property portals extend Coronavirus discounts
OnTheMarket and Rightmove are offering discounted prices for another two months. "It will also take time for agents to build a pipeline of vendors and new sales instructions," says Rightmove.
Rightmove takes hit on membership numbers as agencies struggle with cash flow
The UK’s biggest portal has seen a 3.8% fall in its membership base since the start of the year - a loss of 620 agency branches and 135 new homes developments.