Friday News #061 – 12th June 2020
With a long term view investors are happily snapping up properties in prime investment locations across the UK – there are some excellent opportunities currently available.
The lettings market has returned with a bang; agents are reporting record-breaking activity. Though renters and buyers are now being much more particular about the type of property they want to live in after an extended period in lockdown. High quality, newly built properties, without the issues that often come with older homes, are preferable to those moving.
Here’s what we’ve seen in the news this week:
Property sales recover to pre-lockdown levels across England: Property sales in most of England have swiftly rebounded to the same levels they were just before the lockdown, although London lags behind the rest of the country and markets in Scotland and Wales remain closed. Pent-up demand has also meant firmer prices, with the average asking price of sales agreed in the last week 6% higher than the same week in June last year. Read more in The Guardian.
Buy-to-let market sees ‘early signs of recovery’: Buy-to-let product choice is beginning to increase and some higher LTV rates have been reduced, according to the latest research from Moneyfacts, who says there are “glimmers of hope emerging” for the market following the initial impact of the coronavirus pandemic. Read more.
Lettings market sees record breaking surge after market re-opens: Newly released figures from Knight Frank have revealed that activity in the lettings market has rebounded in the four weeks since the property market re-opened on 13 May. Read more.
Coronavirus may have huge impact on property markets: The saying “there is no place like home” is perhaps not so heart-warming a thought these days. After all, most of us have been locked down in our house or apartment for a very long time. The coronavirus pandemic will, however, do more than change the way we might feel about our homes. It has the potential to have a huge impact on property markets around the world. Read more from the BBC.
Property vs shares – what is a better investment option in 2020: When it comes to deciding which investment strategy is best many start by considering property vs shares. Which will provide the highest returns? Whilst will be more reliable? Which is more high risk? Which will weather market up and downs better? Read our latest article.