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Belvoir CEO delighted housing restrictions have been lifted and expects quick lettings bounce back

Belvoir Group PLC’s (LON:BLV) Dorian Gonsalves says the re-opening of the housing market by the government has come earlier than expected.

The ban on people moving and renting houses was lifted on Wednesday, two months after the lockdown was introduced but a month earlier than it was budgeting for.

Gonsalves expects a swift recovery especially on the lettings side as this is a fast-moving market and people might have been fed up with their house during lockdown, while landlords will be keen to get voids filled as soon as possible.

Belvoir has also so far seen a far lower level of arrears than it predicted when the lockdown was introduced.

Gonsalves adds it did not lose one franchise to financial distress during the lockdown period, underlying the strength of its network.

Quick facts: Belvoir Group PLC

Price: 120.5 GBX

AIM:BLV
Market: AIM
Market Cap: £42.3 m
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Belvoir Group PLC - Proactive One2One Virtual Event

Belvoir Group PLC's (LON:BLV) CEO Dorian Gonsalves and CFO Louise George pitch the company to investors at the Proactive One2One Virtual Event. Belvoir is the UK’s largest property lettings franchise. Founded in 1995, the firm currently has over 300 offices managing around 67,000 properties.

1 week, 4 days ago

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