September 23, 2020
Coronavirus – Construction furlough claims top £3.2bn
Construction industry companies claiming through the government’s job retention scheme hit £3.2bn at the end of July, new data released by HMRC has revealed.
September 23, 2020
Sellers not reducing prices as UK property market bounces back
Despite almost half (45%) of buyers asking for a price reduction on properties in light of the COVID-19 pandemic, home sellers are not budging on price according to the latest research by online estate agent Strike.
The area most likely for buyers to ask for a price reduction is London, where 70% of sellers say they’ve been asked to lower their property prices. Alternatively, regions including Northern Ireland and the South West saw buyers less likely to ask for a price reduction. On a UK-wide basis, just one fifth of sellers say no reduction has been asked for at all in recent months.