Lettings market still moving says major London agency
Chestertons has agreed nearly 200 new tenancies and brought over 800 properties to market since the lockdown began
Zoopla predicts a 25% drop in lettings activity – but tenant demand seems resilient
There are “signs of life” in the rental market despite the lockdown, reports Zoopla.
Three Phases: How prime London’s property market will emerge from the Covid-19 lockdown
The ongoing Coronavirus lockdown will be followed by a “mini-boom” in prime London’s property market, predicts super-prime specialist estate agency Beauchamp. But we’ll have to wade through some painful months before we get there.
Prime London markets set for 25% fewer new tenancies this year, but rental values are unlikely to change
New and newly-refurbished rental properties are faring better in the lockdown lettings market, says Knight Frank.
UK house prices likely to drop 13% this year as incomes tumble, predict economists
A looming “shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets”, warns the Centre for Economics & Business Research.
BTL purchases sink to record low as landlords leave be
Landlord purchasers accounted for just 8% of sales across the country in Q1, down from 15% in the previous quarter;Â ‘Maybe they got a surprise when they filed their tax returns in January’, says Hamptons…
‘Situation tenancies’ on the rise in virus-hit London
Concerned PCL agency estimates that up to 25,000 people could be displaced by the current crisis, and left in urgent need of short-term accommodation…
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
Over half-a-million property sales will be “lost” due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to “recover sharply” once restrictions are lifted.
Landlords in limbo: Showing compassion & meeting obligations in a time of crisis
Lawyer Elena Chrysostomou summarises the recent slew of measures brought in to support residential tenants amid the coronavirus crisis, and their wide-ranging impacts on landlords…
Covid-19 clauses let tenants defer super-prime deals
Knight Frank is writing “Covid-19 clauses” into super-prime lettings agreements, enabling tenants to secure a property but only start paying rent once the Coronavirus lockdown is lifted.
Pandemic prompts Airbnb hosts to play the long game
The number of active Airbnb listings has tanked in central London and other tourist hotspots, as owners seek out the security of long-term tenancies
PRS FAQ: Covid-19 guidance for landlords & tenants
How should private landlords, tenants and letting agents navigate new, existing and ending tenancies in the Coronovirus lockdown? The Tenancy Deposit Scheme provides some practical answers…