The Market
‘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...
Four Thoughts: The UK planning system enters a new virtual reality
'It’s unfortunate that it has taken a global pandemic for the system to finally move into the 21st century'
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.
£1bn in commission ‘at stake’ as estate agencies fight to keep deals together
'It is difficult at this stage to understand when this blocked commission will end up being paid', warns TwentyCi
Locked-down househunters switch off from property as online searches tumble
Despite a massive rise in the number of people staying at home, Google data shows online searches for the two main portals - Rightmove and Zoopla - are currently at a five-year low across the UK, as are…
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...
The view from Knightsbridge: On Covid-19 and its impact on the PCL housing market
No one knows when some sort of new normality will return, writes Patrick Alvarado, but those firms that manage to see out the crisis may end up stronger as a result...
Treasury could see a £5bn Stamp Duty hit as property sales slump
"Transactions will bear the brunt" of the Coronvirus property slump, says Savills - but the firm doesn't think the pandemic will have a long-term effect on house prices.
Councils deciding planning applications via video
Government brings in rule change allowing council members to meet remotely for the first time
Exchange Great: Surveying the currency play across eight prime resi property markets
Knight Frank explains why prime buyers are paying close attention to currency shifts
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