Three in 10 motorists could hold back new car purchases in the hope the Government will introduce new purchase incentives amid talk of a scrappage scheme, a survey suggests. Many are delaying a trip to the showroom in case a taxpayer backed scrappage scheme is introduced, as rumoured last week, the comprehensive survey of 6,500 … Read more
The wry phrase: ‘When the going gets tough, the tough go shopping’ has taken on a new seriousness in the pandemic. Non-essential stores are to reopen on June 15, an event on which the future of 3.5m jobs depends, along with more than £30 billion of shareholder value. This is the combined market value of … Read more
Scarcely two weeks since the housing market began emerging from lockdown and buyers are out in force. Well, not, perhaps, literally but there’s been a spike in online viewings and estate agents have begun to unfurlough staff. Rightmove enjoyed 5.3 million visits to its website in just one day last week, up 4 per cent … Read more
Buying and selling properties has been near impossible during lockdown, with around 450,000 transactions suspended. But with restrictions now partly lifted, estate agents are seeing a huge rise in enquiries. Yet the impact of coronavirus is still being felt in the property market – from nervous sellers to buyers trying to scoop a possible bargain. … Read more
First-time buyers looking to get on the property ladder following the coronavirus crisis may face a £12,000 gap in their finances as banks offer only high-deposit mortgages. The Government reopened the housing market last week after it was effectively shut down in March in response to the COVID-19 pandemic. But because of fears of a … Read more
Homes market surges as buyers burst out of lockdown gloom and head out of town to view properties Savills estate agents say interest in new homes has increased by 30 per cent There were 906 homes sold on Wednesday and 1,883 properties listed for sale The housing market has burst since lockdown restrictions were lifted midweek … Read more
Home seekers could soon be subjected to ‘health screenings’ by estate agents on the phone before viewing a property in person, a leading property website claims. Aside from this development in the property market, Rightmove says there are strong signs that buyers are poised and ready to move. Visits from potential buyers to the websites … Read more
Homebuyers could have their mortgage deal pulled even after exchanging contracts on a new house as banks calculate whether loans are still affordable for those whose circumstances have changed during lockdown. An estimated 450,000 property sales stalled when the Government shut the housing market in Britain on March 26, with most of those expected to … Read more
Buyers are seeking discounts of up to 20 per cent on properties as the housing market reawakens. Estate agents reported a surge in demand yesterday after ministers lifted a seven-week ban on home moves. But experts warned of a ‘Mexican standoff’ between buyers and sellers as fears linger over a price crash. An estimated 450,000 … Read more
The majority of home-seekers are determined to plough ahead with their property transactions once lockdown restrictions are eased, new findings show. Ninety-four per cent of buyers and sellers surveyed in research by property website Rightmove said they want to get their property deal moving when the housing sector is taken off the leash. As lockdown … Read more