UPDATED: “Home buyers and renters should, as far as possible, delay moving to a new house” says the Government. But moves are still possible and happening. Here’s some in-depth guidance from the Ministry of Housing and from The Law Society on how to transact safely during the Coronavirus lockdown.
The property market “has not ground to a complete standstill” yet, says Zoopla, but demand is drying up, fall-throughs are escalating – and deal numbers are likely to sink dramatically in the coming months.
The annual rate of property price inflation in prime London turned positive for the first time since 2015 in Q1, says Savills. But the Coronavirus pandemic has put a stop to the burgeoning market recovery.