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COMMENT Estate agents and removal firms have returned to work under the government’s plans to reinvigorate the housing market. This offers a glimmer of hope, but how will the market look when the Covid crisis abates and the economy reboots?
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While Covid-19 at its core is a public health crisis, there is no doubt that the resulting global pandemic and economic fallout has left the real estate industry with much to ponder.
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Companies are likely to stick with their traditional city centre offices once the coronavirus pandemic passes, according to the team at real estate investment house Mayfair Capital – even if staff spend less time in them.
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Private rents have reached record highs during the lockdown.
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Britain’s economy will shrink by 8% this year, but it should rebound faster than expected.
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The housing market is emerging strongly form lockdown as asking prices rise 2% higher than March.
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Morgan Stanley is still holding out for a v-shaped recovery.
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The government should look at creating pension superfunds to invest in major infrastructure projects.
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COMMENT In history, 2020 will be remembered as the year that brought in a decade of transition in a matter of weeks. This year we’ve been questioning everything from the state of our health and our economies to our societies and social structures. The questions about proptech’s future were already trending in 2019 after WeWork’s dismal performance. Is proptech still a good investment?
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Footfall across the UK’s retail locations plunged by 81.6% in May owing to the Covid-19 lockdown – a shallower decline than the previous month.
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Office space requirements in the UK could drop by up to 50% post-lockdown as occupiers begin to ramp up their permanent flexible working offerings, a report by Instant Offices shows.
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London’s office market looks set to have had a dismal second quarter of take-up, but agents hope that a number of active big-ticket requirements will kick-start the market again heading into the second half and beyond.
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Britain’s biggest retirement living housebuilder McCarthy & Stone has had the unenviable task of trying to protect thousands of residents living in the company’s 441 retirement communities across the UK from Covid-19.
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Bank lending to small medium enterprises (SMEs) in construction dropped 26% year on year for the month of April, according to accountancy group UHY Hacker Youn
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A new bill set to pass through the House of Lords tomorrow will further weaken the position of commercial landlords during the coronavirus crisis, claims accountancy group Moore.
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Britain’s hotel owners have been among the worst-hit real estate victims in the Covid-19 crisis. Now, after more than two months of lockdown, many are planning their reopening strategies and hoping business will bounce back quickly
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Knight Frank’s usually-bustling Baker Street headquarters was eerily quiet at the end of March, as Britain entered lockdown and employees started to work from home. Just a handful of staff were still left in the building.
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Demand for industrial and logistics space continues to grow apace as occupiers line up to take large, long-term leases across the country despite, or sometimes because of, the coronavirus pandemic.
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The chief executive of one of the UK’s largest property companies has warned that demand for secondary office stock will plummet as a result of the Covid-19 pandemic.
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COMMENT The world we live in has changed. There are now more of us than ever before, with many having only known a digital age where 24/7 connectivity is a given. Technology permeates into every aspect of our lives.
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