Published: 11/02/2021 By Tam van WykFebruary is officially the month of love but it’s not just our other halves that are the objects of our desire - it’s our properties, too. However, spending so much time together during the various lockdowns has put a focus on them like never before and that love has not always proved perfect.
Some have concluded that improvements must be made. Sales of furniture and DIY have been booming and councils are being overwhelmed by planning applications for extensions. Others have decided it’s over, that it’s time to move on. And what most of them are now searching for is space, both inside and outside. But, with the rapid roll-out of our vaccination programme, the end of the Covid restrictions are in sight and we can finally start looking forwards with a real sense of optimism. Roll-on 21st June!
Although the latest Rightmove report shows both prices and demand have fallen for city centre properties and risen for those on the margins, that situation could soon reverse. With a return to anything like normality, we will all start going back to work.
During the first lockdown, there was lots of talk about how much we were enjoying the benefits of working from home. Now we’re fed up with it. We miss the stimulation we get from our colleagues and we’re thoroughly bored with spending all day, every day in the same spot. It’s not just about work, either, we’re also missing the cities’ culture and nightlife.
When we do get back on the train, though, some of us are in for a nasty shock - all the major transport companies have suffered huge financial losses that must be recuperated. That means rising fares. Commuting is going to get expensive, especially for those travelling from distance. It won’t be long before there are some very smug looks in the office from those who can walk to work or live just a short hop away. The really smart people are taking advantage and are already moving inwards. So, if you want to stay ahead of the curve, you know what to do.
And finally, a reminder about upcoming changes in electrical safety certificates rules. In June of last year, the certificates were made compulsory for any rental properties with new or renewing tenancies but from 1st April, this will be extended to rental properties with existing tenancies.
Until next month.