Property Investors Weekly News: 15/6/2020
It’s that time on a Monday again where we deliver you, your weekly news updates straight to your inbox.
We hope that you have had a productive Monday and are now ready to work through your goals to achieve your dreams. We are slowly getting back to doing property viewings so make sure you are keeping an eye on your inbox ready for our property deals dropping soon.
Now it’s time to sit down and enjoy the following news articles;
Property sales recover to pre-lockdown levels across England, says Zoopla
According to Zoopla, property sales in most of England have recovered to pre-lockdown levels. The exception is London, with buyers seeking properties outside the capital, as work-from-home policies may leave many more employees no longer needing to commute into the city.
Asking prices rise and record offer rates as property market bounces back
The price of homes coming to the market has increased by 1.9 per cent compared to pre-lockdown as the market bounces back to life. Average asking prices now stand at £337,884, as record numbers of owners ask for valuations.
Spike in lockdown divorces set to drive-up property sales by over £9bn
Newly released figures from Co-op Legal Services have revealed that there has been a spike in the number of couples filing for divorce during the current lockdown. They have also reported a 42% increase in divorce inquiries between 23 March and mid May compared with same period in 2019.
Whilst this is bad news for the individuals filing for divorce, it will certainly help boost the property market.
Have a great week and speak to you soon!