11 May 2020
There has been much speculation about how quickly the UK residential property market will recover from the economic fallout of the global pandemic and what that recovery might look like. Many agents still report pent up demand and a sense that buyers and sellers are gearing up to transact once the lockdown restrictions are lifted; Zoopla has stated that there are 373,000 transactions worth £82bn currently on hold.
2020 had certainly started with quite a bounce as the months of uncertainty over the election and Brexit began to fade. But after the sudden arrival of such an unprecedented and sobering event, which will inevitably impact on the way we all live and work in the future, it is likely that we will see a shift of some description and the emergence of new trends across the different sectors of the residential market.