With Britain’s economy shrinking by 15% over the next quarter, the property market is in the middle of a severe crisis right now.
The Centre of Economics and Business Research (CEBR) is predicting a spike of 7% unemployment between July and August, as companies feel the devastation wreaked by the novel coronavirus COVID-19.
House prices are predicted to fall by 13% to March 2021, and the government lock down has effectively ended all property deals from taking place.
According to Savills:
'We anticipate transaction levels are likely to be most significantly impacted over the next three months, particularly with restrictions in place limiting people’s ability to leave their homes.In China property transactions were at or around zero for the three weeks following movement restrictions and have since (two months later) recovered to 50% of the four year average.
If transaction activity were to fall to between 20% and 40% of the five year average by June and remain there until September, total transactions for 2020 would be between 566,000 and 745,000. This is between 38% and 53% lower than the 1,207,000 transactions we forecast for 2020 in November last year.'
What is certain is that there has been a surge of properties sitting empty since government lockdown and this is an area of the property market Global Guardians can help.
As the leading property guardian provider in the UK, Global Guardians is adapting quickly to the new economic landscape, and is in a strong position to take over full management of empty buildings, which will be impossible to sell in the current climate.
We can provide:
- Property Guardians to protect your properties under Protection by Occupation of the British Standard BS8584:2015
- Weekly property inspections
- Key Holding
- Emergency repairs carried out by professionally accredited tradespeople
- Compliance checks and upgrades to properties in accordance with regulations relating to fire safety, water safety, gas safety, electrical safety and asbestos safety
- Pre-occupancy works and cleans arranged
- Security guard protection
Please contact us today and let us take the burden of having an empty building from you. We are the experts and we are here to help you.
Call us today on: 020 3818 9100 and our expert security professionals will be able to provide a bespoke solution for you.
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