FILE PHOTO: Newly built properties and"for sale" signs are seen at a Barratt housing development near Haywards Heath, Britain, February 20, 2020. REUTERS/Peter Nicholls
LONDON - Activity in Britain’s housing market has come to a dead stop during the coronavirus lockdown, mortgage lender Halifax said on Thursday. House prices fell in monthly terms by 0.6% in April, although Halifax cautioned that house prices had become more difficult to measure given the lack of transactions.Halifax said the outlook was uncertain but that it had “underlying confidence” in the long-term health of the housing market.
Buyers market. Bring private rents down so people don’t pay 75% of their wage in putting a roof over their head.
What are the prices?
Moving house is not really an essential during a lockdown so hardly surprising
To be expected, but demand doesnt go away instead pent up demand might be good for values later on. (exception: forced sales could be a risk for some who lose work)
Why is this even news? Of course it did
Backin the day
In other news the Pope wears a silly hat and also bears have been known to shit in the woods!
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