Property Investors Weekly News: 22/6/2020
Here we are again with your Monday night property news delivery. We hope you are feeling fully recharged from the weekend and ready to get working on your goals for the week ahead. Now it’s time to sit down and enjoy the property news articles;
Lockdown sees rental listings rise as demand crashes for Airbnb
Newly released figures have shown that demand for Airbnb accommodation has dropped whereas, rental listings have surged across UK cities.
The data revealed that London saw a 112% increase in available properties, compared with the same period last year.
While lockdown is being lifted for the short-term let sector on July 4 2020, Airbnb and other short-term let platforms face rigorous cleaning protocols to conform with UK government guidance.
Top ten locations in England that have seen the biggest spike in demand from prospective home buyers in the last fortnight
Hereford is the location attracting the biggest increase from potential homebuyers over the past two weeks, a leading property website suggests.
Further north, Wigan, Rochdale, Wilmslow, Scarborough and Bolton have also seen queries from would-be buyers rocket compared to the first two weeks of March. Hastings was the only area in the south of England to make it to the top ten.
Since lockdown buyers are looking for roomy homes with more outdoor space.
How much are house prices forecast to rise near you over five years?
UK house prices expected to fall 7.5% this year, estate agent Savills says. Transactions however, are expected to recover towards the end of the year.
Housing market reopens in another part of the United Kingdom
Last week the housing market in Northern Ireland resumed after its lockdown due to the Coronavirus crisis.
Have a great week and check your inbox at 10:15 am on Wednesday for an exciting property deal dropping into your inbox!