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Estate agents in England have monitored a recovery in property sales. This could be attributed to the government’s move of lifting lockdown restrictions on May 13, Rightmove said on Monday.
Rightmove said that property sales during lockdown dropped by 94%. June 5 records showed that sales were just 3% below their level a year earlier. Moreover, they averaged two-thirds of their initial record over the previous three weeks.
“There are signs of high pent-up demand and upwards price pressure, rather than downwards,” Rightmove director Miles Shipside said.
Average asking prices for properties on the site were 1.9%. This came way higher than the record before lockdowns were implemented. When it comes to properties where a sale had been settled, the accepted price was 98% of the asking price, slightly larger than the rate in February.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
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