Mayor of London Sadiq Khan has warned that many of London’s private renters are facing imminent homelessness, unless the government acts to properly protect them from eviction. In March the government announced the suspension of evictions for three months to stop renters losing their homes during the crisis. Despite this, some landlords have still issued The post Mayor of London warns of ‘ticking time bomb’ for renters appeared first on PropertyWire.

Residential landlords are heavily exposed to younger people falling into financial distress as a high proportion of young people work in retail or the gig economy, research by payment technology firm flatfair and real estate investor Rowan Asset Management has found. Nearly one in two of the over 2.8 million retail workers in the UK The post Landlords exposed to young renters most at risk of losing their job appeared first on PropertyWire.

Less than 5% of tenants are in arrears across the Belvoir property franchise. There has been a fall in new arrears between mid-April and mid-May. Before the lockdown the number in arrears was at 2%. Dorian Gonsalves, chief executive of Belvoir, said: “We have been monitoring rent arrears across all four brands – Belvoir, Northwood, The post Belvoir survey: Just 5% of tenants in arrears appeared first on PropertyWire.

The financial services sector in Guernsey is preparing to come out of Covid-19 lockdown at the end of the week. The island went into lockdown on 24 March but has had no new Covid-19 cases for four weeks. There are currently no known active cases in the island. The move to phase four of the The post Guernsey to reopen after being Covid free for a month appeared first on PropertyWire.