Friday News #057 – 15th May 2020
This week the government announced a raft of measures to get the UK’s housing market back up to speed. Changes included the re-opening of estate agents, the extension of hours construction sites can operate and allowing removal firms to operate once more.
Industry experts are largely in agreement that there is now a window of opportunity – such opportunity rarely presents itself twice – those who missed out on catching the market prior to the Boris bounce are being given a second chance.
Here’s what we’ve seen in the news this week:
Moving home allowed as curbs lift on estate agents in England: The government has set out plans to restart England’s housing market, which has been in deep freeze since the coronavirus lockdown. Estate agents can now open, viewings can be carried out and removal firms and conveyancers can restart operations. Read more from the BBC.
Mortgage rates fall to new record lows during Covid-19 pandemic: Mortgage rates have fallen to new record lows across a range of LTVs during the Covid-19 pandemic, according to new figures. Read more.
More flexible working hours announced for construction sites: More flexible working times will now be implemented for construction workers, the Housing Secretary has announced. The move aims to make building sites safer and ‘keep Britain building’. Read more.
Yields ease but rental market riding the Coronavirus challenge: New research suggested that yields across the UK rental market are remaining broadly unchanged despite the Coronavirus crisis. Read more.
Redditch – A subsidiary town with a lot to offer: Investors seeking the best opportunities in 2020 should be focusing their attention on tertiary locations. Read our latest blog to learn about Redditch and the many reasons it’s ripe for investment.