Property Week | OzSeeker

'Take Away' mosaic floor. Photo by Briana Tozour on Unsplash

Pubs and restaurants ‘take away’ exceptions to Covid-19 legislation

1st May 20201st May 2020 Property Week

As part of the UK government’s response to Covid-19, Boris Johnson announced the closure of all pubs, restaurants, cafes and leisure facilities, with the closure of retail units following shortly afterwards. The exception to the rule is a relatively small number of essential services such as supermarkets and other food shops, pharmacies, post offices and petrol stations. To assist in supporting businesses through the coronavirus outbreak, the government has temporarily relaxed planning legislation to allow pubs, restaurants and cafes to speedily implement a change of use and operate temporarily as…

empty gym. Photo by Ryan de Hamer on Unsplash

UK: urgent action called for to avoid leisure ‘bloodbath’

20th April 202020th April 2020 Property Week

The UK hospitality sector could be facing a “bloodbath” unless urgent action is taken to support struggling businesses through the Covid-19 pandemic, advisers and operators have warned. Leading figures in the sector are urging the government to offer more support to businesses hit hard by the the nationwide lockdown. The owner of London venue Milk & Honey and Street Feast founder Jonathan Downey this week called on the government to introduce a nine-month rent-free period for retail, hospitality and leisure operators across the country, with rent payments continuing as normal…

Empty city street_ photo by 🇨🇭 Claudio Schwarz _ @purzlbaum on Unsplash.jpg

Navigating real estate’s “worst recession since the Great Depression”

20th April 202020th April 2020 Property Week

Real estate must prepare for its most painful recession yet, with the International Monetary Fund warning that the global economy is entering the worst downturn since the Great Depression. The IMF expects the global economy to contract by 3% this year, as the coronavirus pandemic triggers a “crisis like no other”. The loss to global GDP over the next two years could reach $9tn (£7.7tn), greater than the economies of Japan and Germany combined. Real estate’s ability to withstand the crisis will be put to the test like never before.…