Weekly Summary 7th August 2020
Up we go, down we go…. Loads and loads of news out there
This really is going to be a roller coaster of a period… down in June, Up in July!
The property market is slow to react to the ups and downs, but a lockdown of agents and Solicitors would have been disastrous for the North West property market coming only three months after the first lock down Phew!
The North seems to have changed from Watford Gap to Manchester as far as London reporters are concerned… but we are seeing an awful lot more enquiries for the North East as Manchester and Liverpool start to feel a little overpriced.
We have 4 vacant properties… and all have active viewings or applications in progress… never have we known a 1% vacancy rate when the usual percentage is 7/8% for the industry… could rents rise on pure demand…. Are landlords starting to serve eviction notices, are tenants downsizing or even upgrading due to working from home… who knows at the moment, all of the above have been cited as reasoning.