Weekly Summary 7th August 2020
Up we go, down we go…. Loads and loads of news out there
Now prices are going UP again, says latest Nationwide index
This really is going to be a roller coaster of a period… down in June, Up in July!
North West UK lockdown excludes house moves, Propertymark confirms
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!
Property investors head north for higher returns
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.
An increase in tenant demand could put upward pressure on rental values
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.
