Covid-19

All the latest related news as the evolving coronavirus pandemic impacts the property industry.

Covid-19 News

GPA considers workspace cull
2022-01-20T00:00:00+00:00By Anviksha Patel
The government is considering slashing its office footprint by “at least 25%” on the back of surveys conducted with civil servants on hybrid working, Property Week can reveal.
‘Landlord and tenant relationship improving’
2022-01-20T00:00:00+00:00By Anviksha Patel, Laura McGuire
Data shows most tenants have struck agreements ahead of end to eviction ban.
Central London office investment in 2021 25% up on previous year
2022-01-20T00:00:00+00:00By Riya Makwana
Investment in central London offices hit £11.8bn last year, a 25% increase on the previous year, and it is expected to soar 53% this year to £18bn, according to Colliers.
Government ends work-from-home guidance and ‘Plan B’ restrictions
2022-01-19T16:58:00+00:00By Mitchell Labiak
Prime minister Boris Johnson has announced an end to the government’s guidance to “work from home if you can” as well as other ‘Plan B’ restrictions.
Investment expected to top 2021 this year
2022-01-13T00:00:00+00:00By Mitchell Labiak
Some 55% of respondents to Property Week poll expect £60bn-plus deal volumes.
Q&A: Two auctioneers share their predictions for the year ahead
2022-01-13T00:00:00+00:00By Anviksha Patel
Savills and Acuitus auctioneers discuss the outlook for the market and whether ballroom sales will return.
South East experienced strongest recovery in the fourth quarter
2022-01-13T00:00:00+00:00By Riya Makwana
The South East led the UK’s strong economic recovery in 2021, but growth across the country is now expected to slow sharply, reveals the UK Powerhouse report by Irwin Mitchell and Centre for Economics and Business Research (Cebr).
Martin’s completes string of South East deals worth £28.5m
2022-01-13T00:00:00+00:00
Martin’s Properties has completed a flurry of deals with a combined value of around £28.5m.
PLA and PBA note serious defects in Commercial Rent Bill
2022-01-12T15:51:00+00:00By Ifeoluwa Taiwo
The Property Litigation Association (PLA) and the Property Bar Association (PBA) have submitted evidence to the House of Commons, highlighting numerous areas of concern about the current drafting of the Commercial Rent (Coronavirus) Bill.
Office sector hardest hit in rent recovery
2022-01-11T16:14:00+00:00By Laura McGuire
Rent collection recovery has slowed in December due to the Omicron variant, with the office sector proving to be hardest hit at 58%.
Listed housebuilders’ shares end 2021 up 10% year on year
2022-01-06T00:00:00+00:00By Riya Makwana
Sector bounced back in December after falling as a result of rising input costs and base rate concerns.
Property ends 2021 with a bumper month
2022-01-06T00:00:00+00:00By Mitchell Labiak
December was marked by a flurry of deals in the industrial and logistics sector.
Shopping centre investment volumes set to bounce back in 2022
2022-01-06T00:00:00+00:00By Jamie Bennett-Ness
Distribution warehouses and London’s industrial sector are set to see the highest investment returns over the next five years, at 11.6% and 9% respectively, but shopping centres could also be set to make an unlikely resurgence.
London hoteliers should remain optimistic as profitability improves by 37%
2021-12-22T14:25:00+00:00By Laura McGuire
London hotel operators have been told to remain optimistic, as new figures from Knight Frank show that month-on-month profitability has improved by 37%.
Mixed reactions to Sunak’s £1bn hospitality bailout
2021-12-21T15:00:00+00:00By Laura McGuire
The £1bn bailout package for businesses losing trade because of the surge in the Omicron variant has been met with mixed reactions by those in the UK’s hospitality and retail sectors.