New data from HouseMark estimates that the level of
unpaid rent is £100m higher than it would be at this stage when compared
against previous years, with this being attributed to the coronavirus crisis. The
report illustrates how the pandemic has affected social landlords’ finances and
operations, it shows that in April alone median arrears increased by 10%. This
means that on average landlords missed out on 3.29% of their total rental
income for that month. The figures are based on a survey of 131 social
landlords managing nearly 1.4 million homes, with arrears losses projected
across the whole sector. Read more on Inside Housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
8 hours ago
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