博鱼体育集团

Students tell all

Over the past few months, 博鱼体育集团 Frank and UCAS have been compiling the views of more than 70,000 students in an attempt to better understand their preferences and concerns when it comes to their housing requirements.

Operators of purpose built student accommodation (PBSA) appear to have dealt better with the challenges of the pandemic than landlords in the wider rental market, with some 69% of students living in PBSA stating they were pleased with their operator's approach, compared to 25% of those living in house-shares rented from private landlords.

Almost 40% of final-year students intend to stay in the city in which they study after graduation, and nearly half (46%) of final year students, totalling 235,000, plan to move directly into rented property after graduation - highlighting the scale of the opportunity for both co-living and purpose built BTR developers alike. See Oliver 博鱼体育集团's summary here, with a link to the full report.

The two camps of Covid

An from The Telegraph yesterday shed some light on what now appear to be the two emerging approaches among nations to the Covid-19 end game.

"The new conflict is between those countries pushing for eradication, and those arguing that the greater public good is to end coercive restrictions and open up the economy as soon as we reach tolerable levels of immunity", writes Ambrose Evans-Pritchard. The piece quotes research from Jefferies stating the world is splitting into two camps: 鈥榚liminators鈥� in East Asia, Australia, New Zealand; and 鈥榮uppressors鈥� in the Americas, Europe, and the UK, which will embrace freedom sooner.

The challenge the article highlights is: how quickly will countries which have adopted eradication, Singapore for example, open up to travellers?

Checking in on the housebuilders

Housebuilder Vistry yesterday said the second national lockdown had on sales, which were up about 20% in the final six weeks of the year compared to a year earlier. There is a theme building here, see Barratt's last week.

Our analyst on the ground Anna Ward tells me sentiment remains strong among the housebuilders who continue to build out schemes with sales outlets open, however constraints on construction are in some cases starting to put pressure on their ability to complete. Those constraints include both managing the challenge of working on site while maintaining a Covid-safe environment and shortages of materials - we touched on supply chains "groaning at the seams" on Friday.

Meanwhile, the FT reports Chancellor Rishi Sunak is calls for further tightening of the lockdown in sectors such as the housing market, construction and manufacturing.

The problem with negative interest rates

Two speeches by Bank of England senior officials reveal more of their thinking on the introduction of a negative interest rate.

Both the governor Andrew Bailey (speech not yet online, Times write up ) and Ben Broadbent, the deputy governor (transcript ), fear the move risks lowering lending volumes by reducing banks鈥� profitability, something they are eager to avoid. Meanwhile, Mr Bailey said Britain鈥檚 official jobless statistics understated the true rate of unemployment, which is likely to be closer to 6.5% than the 4.9% in the latest official figures.

In addition, the economy is likely to have contracted in Q4 last year and will do so again during Q1, before the roll out of vaccines begin to fuel a more meaningful recovery. The euro area appears to be following .

In other news...

For a summary of all the data you need to understand what's happening in the property market, see this wrap from Chris Druce.

Plus, the on China's recovery, it if your business survives, and on rent collection, a Croydon bankruptcy offers for cash-strapped councils, Bloomberg on cask whisky, Morgan Stanley for a weaker US dollar, and finally, is the Brexit deal on which to build?