The Chancellor’s economic update to the House of Commons was described as “disappointing” by John Webber, head of business rates, Colliers International.
UK transactions dropped by 70% on the year in 2020, with the main drivers retirement sales, hotels sold for alternative use, non-core assets sold to bolster equity and non-alignment of shareholder interests.
The current pandemic focus is the race to vaccinate the world at a time when the virus seems to be ever-more the dramatic player in our lives, ducking and diving and mutating and generally making itself the unpopular visitor.
Analysts were enthused about Airbnb’s long-term prospects, although largely cautious on its pricing, after the platform saw a strong start to trading last month.