Property Investors Weekly News: 24/8/2020
Hope you are having a great start to the week. As usual we have compiled a list of the hottest property news topics over the last week for you and delivered them straight to your inbox. Enjoy!
How will evictions be different once the ban is lifted?
Since mid-March this year evictions have been banned to protect renters who have been affected financially by Covid-19.
As the ban on evictions comes to an end this month, landlords and letting agents are being warned to prepare for changes to the repossession process. New changes include a temporarily extended notice period, potentially longer waiting times for court hearings and a pre-action protocol.
Property transactions see further 14.5% rise in July: HMRC
The number of residential property transactions increased by 14.5% between June and July to 70,710, according to the latest figures from HMRC.
Property viewings up by 30% in July
According to property group Andrews, property instructions and viewings were up in July following the stamp duty holiday.
Airbnb bans all house parties worldwide
Airbnb has banned house parties as part of its efforts to comply with limits on gatherings in the wake of the coronavirus pandemic. Occupancy will be limited to 16 people and the firm say that it will pursue legal action if guests or hosts break the rules.
Have a great week and speak to you soon!