Auction House London

Most major cities in Britain are continuing to experience a property selling boom. This was the finding of newly released data, which showed that in 11 of the UK’s largest cities, the number of properties being advertised had risen by between 1% and 67% year on year.

House prices in the UK jumped by a staggering 8.5% in 2020. This is according to the first official figures covering the whole of 2020 issued by the Office of National Statistics (ONS).

The Covid-19 pandemic has created a great deal of uncertainty in many industries. With insecurity over jobs and people looking for different ways to make an income, the prospect of being a landlord and having an additional source of income is more attractive then ever.

It’s safe to say, 2020 has been a bumpy ride for landlords. With many landlords facing uncertainty over tenancies due to the ongoing economic upheaval created by the Covid-19 crisis, it is within every landlord’s interest to reduce costs.