January 22, 2022

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Coronavirus: ‘Short-lived’ rebound in house hunter need

Coronavirus: ‘Short-lived’ rebound in house hunter need
Image copyright PA Media Demand from property hunters rebounded as curbs on the sector were lifted in England - but the trend may be short-lived, analysis suggests.Buyer demand rose by 88% in the week estate agents were told they could resume viewings and people could move again, property portal Zoopla said.However, actual sales remained sluggish,…

Houses and sale signs

Image copyright
PA Media

Buyer demand increased by 88%in the week estate representatives were informed they might resume watchings and individuals might move again, home portal Zoopla said.

However, real sales remained sluggish, and the analysis suggests need might fall again.

Now, Zoopla’s UK Cities Home Price Index has said that the rebound in need went beyond the level seen at the start of March.

Residential residential or commercial property sales in the UK in April struck their most affordable monthly level given that equivalent records started in 2005, with 38,060 transactions throughout the month, according to provisional numbers from HM Income and Customizeds (HMRC).

Excellent unpredictability stays over the level of recovery in sales, as well as prices.

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