The market could take five years to recover from the
Coronavirus crisis after possible double-digit percentage price falls and
fast-increasing repossessions. That’s the bleak assessment of a peer-to-peer
lending platform, Sourced Capital, which has analysed property market data from
past recessions in a bid to estimate - very crudely - what might emerge from
the current crisis. It suggests that the early 1980s recession lasted for over
a year and produced a four-fold rise in repossessions. The platform says the
property market nonetheless remained resolute where house prices were concerned
at least, with an increase of 8.6 per cent. Read more on the Estate Agent Today
website.
England’s housing courts at breaking point as renters battle no-fault
evictions
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Courts said to be ‘overloaded’ as landlords sell properties and tenants
with nowhere to go try to delay evictions
It is a Wednesday afternoon at Stratfor...
2 weeks ago
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