Property Investors Weekly News: 8/6/2020
It’s that time again where we deliver you, your weekly property newsletter straight to your inbox. We hope you have a productive and positive day and now we recommend sitting down and enjoy the following property news articles;
Tenant eviction ban in England and Wales extended by two months
The government has extended the ban on evictions by two months until 23rd August, prolonging the breathing space for thousands of tenants who have struggled to pay rent during the lockdown.
Rental growth continues following property restart in May
The latest rental market data from HomeLet shows that average annual rents increased last month following the market officially reopening on May 13. However, on a monthly basis the average UK rent dropped by 0.9% between April and May.
BTL product choice rises as sector begins to recover
Newly released data by Moneyfacts has revealed that there may be early signs of recovery in the sector following the initial impact of the COVID-19 pandemic.
The figures show that buy-to-let product choice is beginning to increase with 280 more buy-to-let products available now than there were at the start of lockdown.
Coronavirus: Shopping centre giant Intu puts administrator on standby
Britain’s biggest shopping centre-owner, Intu Properties has put administrators on standby as it enters a crucial fortnight that will determine whether it emerges from the COVID-19 pandemic unharmed.
Have a great week and speak to you soon!