ONS Sheds Light On Housing Market Slowdown

The Office for National Statistics has collated several different housing indicators to reveal the scale of the pandemic’s impact on the property market. Data show that the number of residential property sales fell by more than 60 per cent across all English regions between January and March, but the ONS says that the time lag in the reporting of transactions means the figures for recent months are likely to be revised upwards. Other data sets pointed to April as the month in which the housing market saw the greatest impact from lockdown. Read more on the Mortgage Strategy website.

https://www.mortgagestrategy.co.uk/news/ons-sheds-light-on-housing-market-slowdown/