News from The Estates Office
COVID-19 Business Update #12
Government Stimulus Required To Reignite Housing Market
Knight Frank have released harsh predictions for the housing market as a result of the fallout from COVID-19. Research from the firm, based on the lockdown lasting until the end of May, have predicted:
- 526,000 fewer house sales in 2020
- 350,000 fewer mortgage approvals
- £7.9bn lost in renovation and DIY spend
- £395 million lost spend for removal companies
- £4.4bn lost in stamp duty with a loss of £1.6bn in VAT
Their analysts have mapped out a series of government led measures to drive liquidity in the housing market, support the wider economy and boost receipts for the Exchequer. These measures include implementing a stamp duty holiday, extending the government-backed Help-To-Buy scheme, allowing councils to hold virtual planning meetings, reviewing the conveyancing process to increase efficiency, and offering greater flexibility around planning obligations, S106 and CIL requirements payments, allowing for staggered or staged payments.
More information on their report can be found here>
Captain Tom Moore Fundraising Surpasses £27.5 Million
Captain Tom Moore has now raised over £27.5 million for NHS Charities Together. The 99 year-old war veteran aimed to raise £1000 by walking 100 laps of his garden before his 100th Birthday, however since his story was picked up by social media and News outlets, donations surged and are still rising. After the £1000 goal was reached on Friday 10th April, the target was increased to £5000 and eventually to £500,000, with over 1.3 million individuals having now donated.
The money donated will be spent on well-being packs for NHS staff, rest and recuperation rooms, electronic devices to enable hospitable patients to keep in contact with loved ones, and working with community groups to support discharged patients.
If you would like to follow Captain Tom’s fundraising efforts or make a donation, follow this link to Tom's Just Giving page>
Vacancies from The Estates Office
COVID-19 Business Update #12
Government Stimulus Required To Reignite Housing Market
Knight Frank have released harsh predictions for the housing market as a result of the fallout from COVID-19. Research from the firm, based on the lockdown lasting until the end of May, have predicted:
- 526,000 fewer house sales in 2020
- 350,000 fewer mortgage approvals
- £7.9bn lost in renovation and DIY spend
- £395 million lost spend for removal companies
- £4.4bn lost in stamp duty with a loss of £1.6bn in VAT
Their analysts have mapped out a series of government led measures to drive liquidity in the housing market, support the wider economy and boost receipts for the Exchequer. These measures include implementing a stamp duty holiday, extending the government-backed Help-To-Buy scheme, allowing councils to hold virtual planning meetings, reviewing the conveyancing process to increase efficiency, and offering greater flexibility around planning obligations, S106 and CIL requirements payments, allowing for staggered or staged payments.
More information on their report can be found here>
Captain Tom Moore Fundraising Surpasses £27.5 Million
Captain Tom Moore has now raised over £27.5 million for NHS Charities Together. The 99 year-old war veteran aimed to raise £1000 by walking 100 laps of his garden before his 100th Birthday, however since his story was picked up by social media and News outlets, donations surged and are still rising. After the £1000 goal was reached on Friday 10th April, the target was increased to £5000 and eventually to £500,000, with over 1.3 million individuals having now donated.
The money donated will be spent on well-being packs for NHS staff, rest and recuperation rooms, electronic devices to enable hospitable patients to keep in contact with loved ones, and working with community groups to support discharged patients.
If you would like to follow Captain Tom’s fundraising efforts or make a donation, follow this link to Tom's Just Giving page>
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