Property Investors Weekly News: 12/04/2021

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Property Investors Weekly News: 12/04/2021

This week we’ve pulled together some of the hottest news stories around property investment for your reading pleasure! So, strap in, turn off the tv and get ready for some updates:

Home movers have a spring in their step, says the Halifax

Following on from the Chancellor’s budget announcement that the stamp duty freeze would be kept in place until June 2021, this has put a ‘spring in the step’ of home movers in March. According to Halifax, there was ‘something of a resurgence’ in the UK housing market in March.

https://www.bbc.co.uk/news/business-56687447

Tenant demand surges 10% in Q1

Barrows and Forrester, the estate and lettings agent has found that as we get closer to coming out of lockdown, the rental market across the UK’s major cities has started to pick up.

Birmingham has seen the biggest increase in rental demand in 2021 according to the research.

https://www.propertyreporter.co.uk/landlords/tenant-demand-surges-10-in-q1.html

Housing to 2040 – Scottish Government

Plans to deliver 100,000 affordable homes over the next decade have been set out in a document that outlines Scotland’s first long-term housing strategy.

Housing to 2040, as well as the document’s vision and principles, outlines what the Scottish Government wants housing and communities to look and feel like for the people of Scotland, with actions on how to get there.

https://www.gov.scot/publications/housing-2040-2/https://www.gov.scot/publications/housing-2040-2/

Almost a third of property sales fell through in Q1 2021

New data from property buying company Quick Move Now shows that almost a third of property sales in England and Wales fell through before they were completed in Q1 2021.

According to figures 32% of property sales failed to complete in Q1.

https://propertyindustryeye.com/almost-a-third-of-property-sales-fell-through-in-q1-2021/

16,000 Fewer Physical Viewings for Agents Using Livestream Technology

Estate and letting agents using livestream viewing app Gavl have had to carry out 16,000 fewer physical viewings since it launched in the UK in May 2020.

Some 16,000 physical viewings have been replaced by 1,430 livestream open house viewings with an average attendance of 11 people at each event.

https://www.propertynotify.co.uk/news/press-releases/16000-fewer-physical-viewings-for-agents-using-livestream-technology/

Have a great day and we look forward to working with you.

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