Is Airbnb killing the private rental sector?
According to a report in the Guardian recently, findings suggest that although there were only 62 properties in the Cornwall area listed on Rightmove for rent, Airbnb by contrast had over 10,000 listings for accommodation in the same area.
So, two things at play here. Firstly, holidaymakers seem to be the higher payer for accommodation. Secondly, 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-intuitive way, new homes are being better insulated and thus trap heat. In the future, this could impact the well-being of those living inside them.
Perhaps there is something to be said for draughty Victorian properties after all.
16% of homeowners expect to still to be paying a 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, which is currently 67 years for men.
Will Grenfell Tower soon 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’s summary note on Grenfell Tower is anything to go by, 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 a block of flats in Peterborough
In a pivotal move, Lloyds Bank has become a landlord by setting up a company that 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?
Andrew Stanton is the founder and CEO of Proptech-PR, a consultancy for Founders of Proptechs looking to grow and exit, using his influence from decades of industry experience. Separately he is a consultant to some of the biggest names in global real estate, advising on sales and acquisitions, market positioning, and operations. He is also the founder and editor of Proptech-X Proptech & Property News, where his insights, connections and detailed analysis and commentary on proptech and real estate are second to none.
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Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
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Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
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Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
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Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
