The latest analysis from Zoopla and Hometrack suggests that the hiatus in the market created by the lockdown has paused over 373,000 property sales in the UK, with the combined estimated value of circa £82 billion.
If NAEA Chief Executive Mark Haywood's prediction is correct that the housing market could be reopened by the end of May/beginning of June, it will be the good news that hundreds of thousands of buyers and sellers across the country have been desperately waiting and a great first boost towards the UK's economic recovery from the Coronavirus crisis.
Rightmove conducted a survey by live webinar asking consumers whether their plans to move home before lockdown had now changed. The indication from this report is that the UK public is still taking a very positive view of what the future may hold for UK housing market, despite the coronavirus crisis.
As we reported, in their March House Price Index Report the Nationwide Building Society took what many property pundits thought was a rather over-optimistic view that there could be a positive rebound in the housing market post lockdown. In this weeks report for April, they have continued to support the idea of a rebound, and this view is now beginning to receive more credence and backing by many in the property industry.
Our Sales Director Tony Wing looks ahead to a time when we can all move freely from our homes.
The March 2020 RICS UK Residential Market Survey results highlight that despite the first few months of the year showing a marked pick-up in market activity, this month, as agents and the market go into lockdown, will have a significant impact on the outlook for the rest of 2020. See a summary below or go to downloads on this page and grab a full copy of the report.
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