Only half of new buyers are requesting physical viewings – Chestertons
Applicants appear to be following government advice and only viewing properties they are serious about, observes London agency.
Lockdown pushes average time to let to a record high
It took an average of five days longer to let a home in April 2020 compared to April 2019, but rental demand “has now almost recovered to pre-lockdown levels,” says Hamptons International.
London’s rental market ‘remains buoyant’, say agents
Aston Chase says it has received a “significantly higher” number of rental enquiries under lockdown compared to the same period last year. LonRes data, however, tells a different story.
Lettings deals down by two-thirds in Prime London
The number of new lets agreed has sunk by 67% over the last seven weeks, reports LonRes
London property buyers’ total potential spend has hit £52bn – Knight Frank
Activity may have plunged as a result of the ongoing Covid-19 lockdown, but lettings activity is on the rise and pent-up buyer demand is building, reports the agency.
Talking Heads: Prime resi insiders on post-lockdown prospects
Seven seasoned pros from the worlds of buying, selling and developing offer their honest opinions on where prices, volumes and expectations will be when the luxury property market eventually emerges from the deep freeze…
London’s Airbnb landlords look to lock in long-term tenants
The coronavirus crisis has left Instagram-worthy apartments in prime locations standing empty as tourists and corporate tenants stay away, reports Winkworth…
‘Socially distanced’ viewings & digital deals: How the property market could function post-lockdown
Government collaborates with the industry on how best to raise the nation’s housing market from its hibernation; plan to get things moving again ‘as soon as possible’ includes limiting viewings, asking vendors to wait in their gardens, and requiring potential buyers (and agents) to wear masks and gloves.
London agency begins unfurloughing staff
Chestertons brings lettings negs back to work in some parts of the capital ‘in anticipation of a very busy summer’
Under offers piled up as the lockdown halted prime London’s property market recovery
Nearly a third (30%) more London homes were marked as “under offer” at the end of March compared to the same time a year ago, according to LonRes data mined buy Coutts bank, as deals piled up under the Coronavirus lockdown.
Tenancy renewals jump under lockdown, but ‘there are signs that applicant demand is starting to increase again’
Hamptons and Knight Frank both report big increases in tenancy renewals, but both flag signs of renewed demand for new lettings despite the lockdown.
London’s lettings market awakens, sort of
Tenants across London & the Home Counties are making plans for life after lockdown, reports Knight Frank, although more are opting to go with the status quo.