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.
Left out of the original Coronavirus Business Rates exemption scheme, the Government has now confirmed that estate agents with rateable properties will not have to pay any Business Rates for a year from 1st April.
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.
Knight Frank and other major estate agency have temporarily closed all high street offices, pre-empting Government restrictions.
Spicerhaart has made over 300 of its staff redundant; reports suggest that multiple branches are to close.
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…
Home-working and video tours are the new normal, as PrimeResi looks at some of the practical business steps being taken by residential property advisors in the face of the escalating Coronavirus crisis.
“It is too early to predict what the impact of Covid-19 will be on Foxtons’ full year results,” said CFO Richard Harris. “However, we do anticipate an inevitable material disruption to trading in the coming months.”
The Coronavirus pandemic is likely to cause “a hiatus in the UK housing market, without necessarily affecting longer term prospects,” says Savills’ research chief.
The NAEA and ARLA have issued a 27-point checklist to help sales and letting agents limit the transmission of the Covid-19 virus while continuing to run a business.
“It seems likely that Covid-19, combined with last month’s floods, will have completely wrecked any positive effects that political certainty since the general election may have provided to the housing market,” says Professor Yolande Barnes. The National Association of Estate Agents, meanwhile, has anecdotally reported that the number of property viewings has tumbled by “more than 50%” in the last two weeks.