What does a second Lockdown in England mean for the housing market?

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"It will be difficult to sustain the current [property market] momentum through to the year end," warns Savills' research chief Lucian Cook, as he looks at the potential ramifications of England's second national Covid-19 lockdown - which starts today.

Written by

Lucian Cook

Head of UK Residential Research at Savills

Lucian Cook is one of the country’s most respected housing market commentators, having been a director in the Savills research team since 2007. He joined Savills in 1993 after completing a degree in land economy at the University of Cambridge. He qualified as a chartered surveyor in 1995. As a practising surveyor he specialised in the provision of valuation advice for taxation, loan security and dispute resolution purposes and strategic management advice for a range of private and Institutional clients. Lucian is now one of the most quoted commentators on the UK housing market and frequently appears on radio and television. He leads a team of 25 researchers, who cover everything from social housing to the prime markets of central London and development land to residential Investment. He also provides consultancy advice to landowners, developers, housebuilders and investors.

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Views

Lucian Cook examines the historical and global factors that have defined the Prime Central London property market, the current conditions that are transforming the landscape, and what a post-Coronavirus…
News

The Government has eased the Coronavirus lockdown in a bid to re-start the housing market after seven weeks in cold storage. Estate agents' office can now re-open, viewings are permitted;
Views

The Coronavirus pandemic is likely to cause "a hiatus in the UK housing market, without necessarily affecting longer term prospects," says Savills' research chief.