BREAKING NEWS – top 5 stories 22/06/2021
IS AIRBNB KILLING THE PRIVATE TENTAL SECTOR
According to a report in the Guardian recently, they found that though there were only 62 properties in the Cornwall are listed on Rightmove for rent, Airbnb by contrast had over 10,000 listings for accommodation in the same area.
So two things at play, holidaymakers seem to be the higher payer for accommodation, the second is that for those living locally, it is almost impossible to get rented accommodation. Where then does that leave Airbnb?
CLIMATE CHANGE COMMITTEE WARNS GOVERNMENT NEW HOUSING NOT FIT FOR PURPOSE
The CCC has recently advised the government that recent housing stock, may not be suitable for the likely ‘hotter’ conditions that housing will see in the medium-term future. In a counter initiative way, as new homes are being better insulated and trap heat, this could in the future impact on the wellbeing of those living inside them. Perhaps there is something to be said for draughty Victorian properties after all.
16% OF HOMOWNERS EXPECT STILL TO BE PAYING MORTGAGE WHEN THEY ARE 65
In a recent survey conducted by Hargreaves Landsdown, it was reported that only 84% of people with mortgages expected to be mortgage free by the time they hit their mid-sixties. A sobering thought for those who will be reaching retirement age, currently 67 years for men.
GRENFELL TOWER SOON TO BE STRENGHTENED OR DECONSTRUCTED?
The badly damaged Grenfell Tower needs to be further strengthened either by support from the ground to the fourth floor or all the way to the top of the building, but if the Ministry of Housing Summary Note on Grenfell Tower is read,
it would seem that there is pressure for the tower to be deconstructed, by early 2022. If this occurs nearly half a decade will have resulted in the tower being razed to the ground.
LLOYDS BANK GETS INTO THE PRS VIA BLOCK OF FLATS IN PETERBOROUGH
In a pivotal move Lloyds banking has become a landlord, by setting up a company who will manage a block of flats for private tenants. In what is seen as a new way of doing banking, Lloyds is trying its hand as a provider of housing – on a rental basis. This move was signalled in the bank’s annual report last year. Will other banks follow their lead?
You May Also Enjoy
First-Time Buyers: Why 4–5 Houses is the Sweet Spot
Two in five mortgage holders switched banks for a better mortgage deal
Housing market trends highlight a changing landscape
Breaking Property News 7/9/26
Mortgage rate rises loom as major lenders reprice
