Property Investors Weekly News: 27/4/2020
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:
Rightmove: Sellers pause rather than cancel activity
Most sellers already on the market, and those with a sale already agreed, will be continuing with their move once the government announces that it is deemed safe enough, Rightmove’s House Price Index has found. It is also recorded that 2020 had got off to it’s busiest start since 2016 until the market came to a sudden halt due to COVID-19.
House prices after coronavirus: five-year forecast shows property market could fall as much as 10% this year before rebounding
Research from Savills, says that while we can expect a severe economic shock in the immediate term, there are certain fundamentals that set the COVID-19 crisis apart from other previous events, leading the estate agent to forecast a strong recovery by 2022. Read the article to find out more and to view Savill’s five-year house price growth forecast chart.
Lenders kick-start mortgage deals
At the start of the coronavirus lockdown, several British borrowers scrapped deals or only offered loans to those with large deposits. But this week Nationwide, Halifax, Virgin and Santander all made it easier for people to qualify for a loan.
Book Recommendation Of The Week – Eat That Frog by Brian Tracy
Eat that frog is all about how to minimise procrastination and focus on your goals from best selling author Brian Tracy. It comes in paperback, kindle and audiobook varieties, although we tend to recommend audio versions of books as you quite often miss out on ‘how’ the author is saying something when it’s written.
We love this book because it not only talks about ways to minimise procrastinations, but also organise yourself and your business so that you’re actively focusing on the most important goals and tasks. We’ve started implementing a few of the suggestions in our lives so far and we’ve seen great results, the biggest of which came from daily, weekly and monthly planning that align to the actions required to meet our goals.
Available from all good online book and audio book stores.