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Virus crunch puts £82bn of UK property purchases on hold

New housing supply is also expected to fall dramatically going forward

Transactions worth tens of billions of pounds are stalled across the UK due to the coronavirus lockdown, according to a report released on 28 April from Zoopla.

A total of 373,000 property purchases worth £82bn ($102bn) are on hold, with the number of new sales running at a 10th of the levels recorded in early March, the online real estate portal said.

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