POUND NOTES
£82bn OF UK PROPERTY TRANSACTIONS ON HOLD
AROUND 373,000 property transactions, with a total value of £82bn, have been put on hold due to coronavirus lockdown measures, according to estimates from Zoopla.
The majority of the sales, which Zoopla said are worth just under £1bn in estate agency fee income, were agreed between November 2019 and February 2020.
They would have been set to complete between April and June.
MORE THAN £1.2bn EXPECTED TO BE PAID OUT BY INSURERS
INSURERS are set to pay out more than £1.2bn in claims to support people and businesses affected by Covid-19, according to an industry body.
The initial estimate, from the Association of British Insurers (ABI), which is not a total figure, covers payments for business interruption, travel insurance, weddings policies and cancelled school trips.
Of the £1.2bn working estimate, £900m relates to business interruption claims, a record £275m is to be paid to customers in cancellation claims on travel insurance, and £25m across wedding insurance, school trips and events.
This is in addition to the estimated £363m that will be paid to customers following Storms Ciara and Dennis earlier this year.
RENTERS STAYED PUT IN MARCH
SEVEN in 10 (70%) renters whose tenancies were up for renewal stayed put in March, the highest proportion for that time of year since 2008, according to Hamptons International.
The index also found that across Britain, average rents on renewed tenancies fell by 0.5% year-on-year in March to £928 per month – marking the biggest fall since this measure started in February 2014.