re-opening of the property market

Housing market to re-open for business

It is anticipated that Housing Minister Robert Jenrick will tomorrow (13/05/2020) announce the re-opening of the property market in some capacity.

Amendments to the Health Protection (Coronavirus, Restrictions) (England) Regulations 2020 published this evening indicate the government’s position on the resumption of buying, selling and letting of property:

(iv) in sub-paragraph (f), omit the words “travel for the purposes of”;

(v) for sub-paragraph (l), substitute—

“(l) to undertake any of the following activities in connection with the purchase, sale, letting or rental of a residential property—

(i) visiting estate or letting agents, developer sales offices or show homes;
(ii) viewing residential properties to look for a property to buy or rent;
(iii) preparing a residential property to move in;
(iv) moving home;
(v) visiting a residential property to undertake any activities required for the
rental or sale of that property;”;

More information will follow with Mr Jenrick expected to address Parliament tomorrow.

The updated regulations are available to view here: http://www.legislation.gov.uk/uksi/2020/500/pdfs/uksi_20200500_en.pdf 

 

 

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