As the world goes into lockdown, Chinese real estate markets are beginning to see more activity, says Nick Holt, Knight Frank’s Head of Research in APAC, on the ground in Beijing.
Britain’s biggest property portal suspends its final 2019 dividend, telling shareholders that it is “taking appropriate measures” to mitigate the impact of the Covid-19 crisis on its bottom line – but that it is “unable to quantify” the financial impact at this stage.
Banks & Government said to be in talks about pausing or adapting the mortgage market in light of the Coronavirus lockdown.
UPDATED: “Home buyers and renters should, as far as possible, delay moving to a new house” says the Government. But moves are still possible and happening. Here’s some in-depth guidance from the Ministry of Housing and from The Law Society on how to transact safely during the Coronavirus lockdown.
Property portals around the world are rallying to retain customers as the Coronavirus lockdown quells market activity; British portals are offering the deepest discounts of all.
Dexters’ offices are not open to the public, but some staff did go to work yesterday – prompting a backlash on social media and in the national press.
Obey the spirit of the lockdown, not just the letter. But Housing Secretary Jenrick confirms that building sites in England can remain open.
Stay at home.
Knight Frank and other major estate agency have temporarily closed all high street offices, pre-empting Government restrictions.
China’s property market flatlined as a result of the Coronavirus lockdown, but there are already signs of recovery, says Knight Frank.
A new Coronavirus Job Retention Scheme promises to cover 80% of PAYE salaries.
Zoopla’s two new support offers for agents affected by the Coronavirus crisis are significantly more generous than either Rightmove or OnTheMarket – but they come with caveats…