The Market
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.
Off-plan sector facing wave of legal disputes, warns private wealth firm
Developers are already 'exploring their options' over deals where the buyers seem to have gone cold, reports Boodle Hatfield
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.
UK headed for ‘historic’ decline in housing delivery
Total private housing delivery in 2020 will end up lower than in the years following the global financial crisis, warns Knight Frank as the agency calls on the Government to intervene...
Deutsche Bank predicts a 20% slump for UK house prices
Everyone agrees that transaction volumes will plunge, but opinions are divided over the impact of the Coronavirus on property values...
Significant wealth tax hikes ‘should now be very firmly on the UK policy agenda’
"Low-hanging" wealth & property taxes could rise to cover Covid-19 costs, suggests a political economist Professor Richard Murphy.
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
FT: How coronavirus is threatening the UK’s second-home market
Writing for the FT, Liz Rowlinson reports from the UK's holiday home hotspots, where the coronavirus has been heightening tensions between locals and second home owners.
Community Infrastructure Levy is ten years old, but Covid-19 is its biggest test
Introduced a decade ago this month, CIL’s inflexibility could prove its downfall if the forthcoming downturn is anything other than a short sharp shock, writes Miles Gibson
Average property prices dipped in February – UK HPI
London prices climbed by 2.3% over the year to March - the biggest annual increase of any English region.
Virus fallout ‘will put significant pressure on supply chains’ but could quell rising construction costs
"When we come out of this, we may well end up working differently, and many [building] companies where they are able will look to significantly shorten supply lines," says Knight Frank.
Gardens are shooting up in popularity, unsurprisingly
Househunters are craving outside space amid the lockdown, says Rightmove, after analysing the top ten keyword searches on its platform over the last few weeks