Property Investors Weekly News: 17/8/2020

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Property Investors Weekly News: 17/8/2020

It’s been another exciting week in the world of property. We have pulled together some of the hottest news stories from the last week around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:

UK property sales hit £37bn in market’s busiest month in decade

Rightmove’s latest figures show that more than £37bn worth of property sales were agreed in the UK in July as the number of transactions soared by 38% year-on-year. The website says that coronavirus pandemic has ‘rewritten the rulebook’ as pent-up demand helps buck usual summer slowdown trends.

https://www.theweek.co.uk/property/107812/37bn-worth-of-house-sales-sparks-busiest-month-in-a-decade

House viewings up 30% following stamp duty holiday

Property viewings were up 29% compared to June 2020, with physical viewings up 45%, as buyers took advantage of the stamp duty holiday.

https://www.propertyreporter.co.uk/property/house-viewings-up-30-following-stamp-duty-holiday.html

UK house prices set to rise by 1.5% in autumn

Average house prices in England and Wales for August and September are set to be 1.5% higher than recorded at the same time as last year, according to Property Price Advice.

Their research has revealed that there is a continuation of renewed confidence in the housing market following the easing of lockdown measures.

https://www.propertywire.com/news/uk-house-prices-set-to-rise-by-15-in-autumn/

Coronavirus: Rent arrears loans to tackle lockdown homelessness

A new loan scheme for tenants with rent arrears due to coronavirus has been launched by the Welsh Government.

The £8m Tenant Saver Loan Scheme is for private sector tenants who are not on benefits.

https://www.bbc.co.uk/news/uk-wales-politics-53729400

 

Have a great week and speak to you soon!

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