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TBS in The Telegraph – A post-lockdown honeymoon of frenzied buying will keep house prices up for three months

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Knight Frank
London and Country specialist property buying agents
24 Jun 2020  |   Harry Gladwin

Demand for rural homes and properties in northern cities has meant the property prices have remained very strong post lockdown according to Zoopla.

Harry Gladwin, Partner at The Buying Solution, says that multi million pound homes in the Cotswolds have been selling for up to 20% over guide price. ‘…some have been bidding competitively because they fear another lockdown’.

However, it’s likely that pricing will settle and even drop significantly towards the end of the year when Zoopla believes that the UK will be hit by surging unemployment.

Savills estate agents has forecast a 7.5pc drop in British house prices this year, while building society Nationwide expects a drop of 13.8pc.

To read the full article click here; https://www.telegraph.co.uk/property/house-prices/post-lockdown-honeymoon-frenzied-buying-will-keep-house-prices/

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