Coronavirus Outbreak Wipes Out 40% Of Housing Demand In A Week

Figures reveal that the housing market had the strongest start for four years during the first two months of the year. However, Covid-19 has led to a 40% drop in demand for housing in the past week [seven days to 22.03.20 compared to seven says to 15.03.20] and housing transactions are set to drop by as much as 60% over the next three months, as the market reacts to the impact of the outbreak. According to the latest data and analysis from Zoopla, the market has since witnessed a dynamic shift, with consumer confidence and market activity hit hard in the wake of Covid-19’s impact from early March onwards. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/coronavirus-outbreak-wipes-out-40-of-housing-demand-in-a-week.html