property

Leicester’s property surge shows local lockdowns don’t hamper buyer demand

Pent-up buyer demand is driving a boom in house sales in Leicester, despite the city’s local lockdown.

Leicester’s housing market has had to grapple not just with the national shutdown that ran from March until May 13, but also the city’s own local lockdown, which has been in place since June 29.

But agents report that the restrictions have not been enough to hold back a new wave of buyers.

Luke St Clair, of Knightsbridge estate agents, said that when the housing market shutdown lifted in May, house sales “exploded”. 

Geoff Splevings, of Connells estate agents, said: “Everyone was taken

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Six-month wait for cash if DIY investors sell property funds

Suspending a fund can protect investors as fund managers are under less pressure to raise cash via a “fire sale”.

The proposed three to six-month notice period would mean they can plan sales and reduce the likelihood of a fund suspending, the FCA said.

The watchdog added that its new rules would also enable funds to be run more efficiently. Managers could invest more rather than holding cash for unanticipated cash calls. Property funds have been known to hold as much as 25pc in cash, causing a serious drag on returns.

Christopher Woolard, of the FCA, said: “Our proposals will

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how much you could save on property, bills and school fees

You’re squeezed into a two-bed flat in London, but you’re working from home. So, would it make financial sense to move north for a bigger home, and a better lifestyle? 

According to estate agents, the search is on for homes across the north of England, from Chester to the Lake District to York, particularly those which offer easy travel connections to London, good facilities, and affordable schools.

For many, the move has always sounded tempting. Why not sell a two-bed flat in Knights Hill (there’s one on Rightmove for £375,000) and buy a five-bed house in Kendal (£350,000) with beautiful

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Why London’s property market will survive the doomsayers

During lockdown, I fell in love with my small corner of east London. It was inspiring: the streets of cherry blossoms, the little messages offering help pinned to lamp posts, the small businesses pivoting into a brand new venture.

But if stories from the coalface of the post-lockdown property market are to be believed, many Londoners are desperate to leave.

A survey by Totaljobs, a jobs website, estimated that 1.6 million London residents are now considering moving to rural locations permanently, after working outside the capital in lockdown. As a result of months of working from home, many are realising

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