What does the Job Support Scheme Mean for the Property Sector?

The chancellor, Rishi Sunak, recently set out the particulars of the government’s new ‘Job Support Scheme’. This is the successor to the Coronavirus Job Retention Scheme, where people who were unable to work because of the COVID-19 crisis could be furloughed with government grants covering 80% of their wages.

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Sellers Unwilling to Budge on Price after Lockdown

Recent research suggests that while nearly half of house-buyers are offering under asking price on properties, only about a quarter of sellers are willing to consider a lower offer – and roughly a third of sellers say they will refuse to budge on price. But why are they being so firm about this? And is it wise?

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Tenant Eviction Ban Extended

In a last-minute U-turn, the government decided on Friday 21 August to extend the current eviction ban by a month. The ban had been due to end on Monday 24 August after being in place for five months, but the extension means that courts in England and Wales now won’t hear any repossession cases until 20 September.

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