SNP's Airbnb Regulation Plans Struggle to Gain Support

The Scottish National Party's (SNP) plans to regulate Airbnb properties in Scotland have been withdrawn from Scottish Parliament due to a lack of coherent support. While concerns over short-let properties rented out on Airbnb and similar websites remain, the Scottish government's plans failed to give Scottish councils the powers they need to strike a balance between short and long-term lets in the country. New plans are expected to be submitted later in 2021.

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Prime London property prices tumble during the pandemic

Property prices in some of London’s most exclusive areas have dropped significantly since the outbreak of coronavirus, claims one specialist property agency. Recent research from Astons analysed property prices in high-end areas like Mayfair, Knightsbridge and Belgravia, comparing average sale prices from 2019 against those of 2020. 

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Things to know about the property sector this month

After all the drama of 2020, many of us were hoping that 2021 might be a calmer year – but January seems to have had other plans. What with new virus mutations, travel bans, floods, a national lockdown and an armed insurrection across the pond, it’s all been going on this month. 

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What does the new three-tier system mean for the property market?

England has now moved from full national lockdown (albeit a much lighter version than the one we experienced earlier in the year) back to a three-tiered system where coronavirus restrictions are based on the infection rate in a particular area.

However, the tiered system didn’t work very well at containing the virus last time round, so the restrictions have been toughened up a bit. 

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What does a second lockdown mean for the property sector?

As England’s second lockdown gets underway, those in the property sector will be wondering how the new restrictions might affect their business. It’s still too early to gauge the impact on things like sales and lettings, but while the impact will probably be slight for most, there are some developments that may be worth considering.

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