The coronavirus pandemic has shown us a new trend for the possible future of what could become of gasoline or diesel engines. Though car sales collapsed drastically in Europe because of the pandemic, a particular section- electric vehicles increased drastically. This increase was attributed to the fact that the prices of electric cars are getting close to that of cars with gasoline or diesel engines. Aside from the fact that electric cars are cost-effective and more comfortable to maintain, several...
The July buying boom of residential real estate was record-breaking mainly due to the stamp duty reduction and apparent recession the country was slumping into. Over £37bn worth of property sales were recorded during the boom, and it served as the busiest home-buying month in the last ten years. The spike in property transactions occurred due to the inactivity of the housing market during the coronavirus lockdown coupled with the stamp duty reduction that was put in place to encourage...
The real estate market is mostly going on a rebound once this Coronavirus lockdown is relaxed. The prices in the housing market will surge so much due to the edging up of activity levels. Roey Hayon says, "Before the government restrictions on movements that affected all business sectors including the real estate market, the prices of houses had grown at a very high rate since February 2017. Although this figure is from a different period, it points into a direction...
The impact of the coronavirus pandemic on the whole world is massive, with a sharp down-trend in stocks and real estates in the UK. Since the pandemic became wide-spread across the globe, it has become increasingly difficult to do business as usual for everyone, even for real estate agents, as they develop new ways of viewings and valuations. The country-wide lockdown has taken its toll on the real estate market. As it becomes increasingly difficult to carry out business as...
The impact of COVID-19 on the global economy is colossal and wide-felt. With China, the second-largest economy in the world, recording the largest outbreak of the virus and suffered the greatest. The COVID-19 pandemic has disrupted the manufacturing processes and led to significant breakdowns in the supply chain, which has resulted in economic volatility. Taking a cue from how the virus outbreak has affected the Chinese economy, the American real estate market should brace up for the impact. Revenue and...
The housing prices in the UK have soared and have set a record for the fastest rate of growth. This has all been achieved in just the last month. This is attributed to the boost in confidence and a good perspective on the housing market following the general election. A 2.3% jump in the average price of new to the market prices have been seen. In 2002 the property website started its house pricing index. This 2.3% jump for this...
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