Format: News
Knight Frank becomes latest major agency to furlough staff
Firm has also decided not to apply an annual pay review this year and will be implementing 'salary adjustments' for those who earn above a minimum threshold
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.
One Blackfriars trial to go ahead despite lockdown
High Court Judge rules that Coronavirus restrictions should not delay a high-stakes property hearing.
RIBA announces new Board of Trustees
The Royal Institute of British Architects has overhauled its governance structure, introducing a 12-strong oversight Board of Trustees.
Thousands of Chelsea Flower Show plants are available to buy as gardens go virtual
A "Virtual Chelsea Flower Show" will run online from 19th to 23rd May.
RICS calls for Stamp Duty holiday as surveyors anticipate property market freefall
"These are exceptional circumstances," warn surveyors, "and the Government will need to consider all avenues that could feasibly rebuild confidence, bridging the gap between uncertainty and recovery.
Scotland outlaws housebuilding during Covid-19 lockdown
Housebuilding is not essential during the Coronavirus lockdown, says Holyrood
Agency comparison site rolls out real-time data platform to track impact of the crisis
GetAgent launches 'live, interactive' dashboard to track key metrics on a daily basis;
Major housebuilder ‘pays it forward’ to support subcontractors
Taylor Wimpey has announced a "Pay It Forward Scheme" to help self-employed subcontractors get through the coronavirus lockdown.
What do new listing volumes around the world tell us?
International and US markets saw new listing volumes tumble by 50-75% as lockdowns were put in place, notes top real estate analyst Mike DelPrete, giving some clues as to where transaction numbers are…
‘The business of architecture is under stress’ as projects pause
45% of architects have reported a decline in personal income, says the RIBA
London’s super-prime market ‘changes direction’ as sales slow from a surge to a trickle
A flurry of £10m+ transactions in Q1 has been brought to an abrupt halt by Covid-19, reports Knight Frank, although "buyer interest remains strong pending the market reopening".