Two-fifths of UK home movers put property plans on ice

Coronavirus crisis continues to affect transactions as restrictions are eased.

Two-fifths of UK home buyers and sellers have put their property plans on hold following the coronavirus crisis, in a sign of how the recession could weigh on property transactions and house prices.

Research by property website Zoopla found 41 per cent of would-be home movers across Britain had stepped back from their property plans in light of market uncertainty, loss of income and lower confidence in their future finances, in a survey of 2,000 individuals between May 12 and 19. 

By James Pickford. Please read the full article on Financial Times.

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