Property Investors Weekly News: 29/6/2020

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Property Investors Weekly News: 29/6/2020

How is the last week of June already? We have had a fantastic month despite of so much uncertainty from in March, April and May with COVID-19.  July is looking to be another amazing month for Sourcesome and we can’t wait. 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:

Property news UK: Shock poll finds more than a third of buyers to move by the end of summer

Despite of the pandemic, a new poll has revealed that property buyers are still intending to move house this year with a staggering number hoping to move by the end of summer.

The poll was conducted by UK homebuilder Miller Homes.

https://www.express.co.uk/life-style/property/1301328/property-news-uk-house-sales-buyers-summer-2020-latest

The UK’s safest and riskiest locations to buy

Property buying company Good Move say that Gloucestershire is the safest place to buy a home, based on crime rates. Other safe areas are North Yorkshire, Wiltshire, Surrey and Devon/Cornwall.

West Yorkshire is apparently the most least safe area to buy – this includes cities like Leeds, Bradford and Wakefield.

Good Move have recommended if buying in a risky area to invest in good floodlights and CCTV.

https://www.propertywire.com/news/the-uks-safest-and-riskiest-locations-to-buy/

Scottish Government gives go-ahead for property market to reopen on June 29

All home moves will be permitted in Scotland from this week as long as new safety guidance is followed.

From today, people are now able to visit estate or letting agents, sales offices or show homes; view a residential property with intention of buying or renting; move home or prepare a residential property for a move; or visit a residential property for activities required for rental or sale.

https://propertyindustryeye.com/scottish-government-gives-go-ahead-for-property-market-to-reopen-on-june-29/

Repossessions ban : Landlords urged to lobby MPs on impact

The National Residential Landlords Association and Landlord Action have joined forces and are rallying landlords to lobby their Members of Parliament. The aim of this is to highlight the consequence of the five-month ban on repossessions which is due to end on 23 August.

https://www.propertyreporter.co.uk/landlords/repossessions-ban-landlords-urged-to-lobby-mps-on-impac.html

Book recommendation of the month – 80/20 Principle by Richard Koch

The 80/20 Principle is by Richard Koch and how he’s noticed that roughly 80% of results tend to come from 20% of the tasks we do. He shows how this applies not just to business, but also to life and really goes into depth about prioritising what’s right for you to lead the happiest most fulfilled life. This is a fantastic read, but even better listen via audiobook as it’s narrated by Richard Koch himself. We also found this easier to get in and relate to as Richard’s from the UK himself. We’ve added this to our favourite self help books list – highly recommended, especially if you have little time free in your life.

Have a great week and speak to you soon!

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