2020 started with promise. Buyers were out viewing homes in big numbers with a lot of reanimation due to pent up demand from any Brexit slowdown. Sales were being agreed and prices were holding well. Properties were not coming to the market in line with sales activity but with Spring around the corner many were waiting for The Spring market to sell. The Coronavirus pandemic then caused the market to hit the pause button towards the end of March. The report attached was created before the country was ordered to stay at home.
It looks likely to be a slow drift to the end of 2019 as any resolution to Brexit will come in the lead up to Christmas, when the housing market traditionally slows down. However, the expected boost to economic confidence should translate into housing market confidence and form a firm foundation for 2020.
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