Leading UK property website Rightmove has released new data showing that the interest in searches for overseas property has surged during lockdown.
If you’ve found yourself seriously toying with the prospect of buying a holiday home, contemplating a relocation, or dreaming of a trip abroad after your trip was cancelled due to the coronavirus (COVID-19) pandemic, it turns out that you’re very much not alone.
Research by Rightmove data analysts shows that searches for overseas property in May reached their highest point for the year and were up 33% compared to this time last year.
This followed the trend from April where overseas searches increased by 50% from March.
After an initial dip when lockdown first commenced, the countries seeing the biggest uplift in searches are Spain, France and Portugal.
Searches for property in Spain were up 34% and in particular, the biggest surge was seen in searches for property on the island of Ibiza which was up a whopping 174% compared to last May.
It’s thought that this is thanks to the new Netflix series White Lines.
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White Lines is a 10-part Spanish/British thriller series which aired on Netflix last month.
The show follows a young woman visiting Ibiza to learn the truth about what happened to her brother – a Manchester DJ who disappeared on the Balearic Islands 20 years prior – and it received positive reviews from both critics and fans alike.
Kieran Byrne, owner of international estate agency, HomeEspaña in Spain, said: “After a significant dip in activity and enquiries in March and early April, when lockdown measures were first introduced in Spain and the UK, we’ve witnessed a gradual resurgence of interest towards the end of April, and this gathered pace throughout May.”
“Of course, we’ve spoken to clients who are putting their plans on hold, waiting to see what life will be like post-coronavirus, which is totally understandable, but we’ve also spoken to new customers who had never previously thought about buying a property in Spain.”
“Being confined has made them reconsider their lives in cities and towns, as has the thought of returning to being crammed onto buses and trains, and they’ve concluded it would be preferable to be somewhere with more of an outdoor lifestyle, better weather, access to swimming pools and beaches.”
“Of course, we still don’t know how any of this translates into genuine interest or transactions”.
“We’re still not fully out of lockdown here in Spain – international flights haven’t resumed and we’re still in a period of uncertainty – but it does seem like there is a lot of new interest in people relocating or having a second home here”.
For more information on overseas property, visit the Rightmove website here.
Property
Salford Lads and Girls Club to receive lifeline funding grant for ‘essential repairs’
Emily Sergeant
Salford Lads and Girls Club is set to receive a lifeline funding grant for essential repairs merely months after facing closure.
The £400,000 grant will be helping to secure a long-term future for the iconic youth club.
Established in 1903 as a purpose-built club for boys, but now open to girls too, Salford Lads and Girls Club nowadays works to provide new generations with access to sports, creative workshops, fitness, music, drama, and ultimately, life skills.
The building is, of course, forever linked with legendary Manchester band The Smiths, through Stephen Wright’s iconic photo of the band outside the front doorway.
For this reason, the venue has become a worldwide landmark and pilgrimage site for music fans, and it even has a dedicated Smiths room.
Salford Lads and Girls Club will receive a lifeline funding grant for ‘essential repairs’ / Credit: Wikimedia Commons
The venue’s funding grant is part of £2.4 million awarded to six historic places in the North West from Historic England’s Heritage at ‘Risk Capital Fund’.
Other sites in the region include the restoration of the upper seating areas at Morecambe Winter Gardens, and the conservation of the Grade II listed pumphouse at the National Waterways Museum in Ellesmere Port.
Some of the essential repairs set to be carried out with the funding include roof slate replacements, and brick and terracotta masonry repairs to ensure the long-term sustainability of this famous community building in Salford.
“Thanks to the extra funding from the Heritage at Risk Capital Fund, we are able to breathe new life into neglected historic buildings in the North West that we haven’t been able to help through our existing grant schemes,” commented Louise Brennan, who is the Director of Regions at Historic England, as the funding grant was announced.
“This initiative will not only boost economic growth but also create amazing opportunities for people in some of the region’s most disadvantaged areas.
Hundreds of new homes in Mayfield Park given green light
Daisy Jackson
The chance to live in Manchester city centre’s newest park (and one of its only green spaces) has taken a step closer, with plans for new Mayfield Park homes given the green light.
879 apartments have been approved this week, which will have ‘the ultimate front garden’.
The Mayfield district has been undergoing major changes in the last few years, including the redevelopment of Depot Mayfield (into Freight Island, plus a music venue for events like Warehouse Project) and the opening of the beautiful Mayfield Park.
And now hundreds of new one-, two-, and three-bedroom homes will be added to the area, as well as a 40% increase in the size of the park.
The plans for the first homes at Mayfield Park were met with unanimous approval by the City Council’s Planning Committee.
The residences will span across four buildings, with low-rise elements peppered in amongst the taller blocks, and will also be home to restaurants, cafes, and health and wellness facilities.
A new tree-lined road through the development will enhance walking and cycling connectivity from east Manchester into the city centre.
More than 880 jobs will be generated during the construction phase, plus 120 full-time jobs when operational.
Hundreds of new homes in Mayfield Park given green light. Credit: Assembly Studios
The proposals suggest that the apartments will contribute £2 million annually in Council Tax and a major £10 million boost to local businesses through increased spending.
The high-quality homes are designed by Studio Egret West and shedkm, designed to reflect the industrial heritage of the area, including distinctive arches.
20% of the first phase of homes are intended to be classed as affordable housing and will be prioritised for key workers in Manchester.
Henrietta Nowne, Development Director at Landsec, representing The Mayfield Partnership, said: “For the first time, Mancunians will have the ultimate back garden within the award-winning Mayfield Park.
“An opportunity like this hasn’t existed before in Manchester. Since starting on site earlier this month, there’s real momentum building as we continue to grow a green, healthy and connected district in the heart of Manchester.”
The approval marks the next chapter of the continued transformation of the Mayfield district near Piccadilly Station, led by Manchester City Council, TfGM, London Continental Railways (LCR), and Landsec.