Asset Management

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

New housing supply is also expected to fall dramatically going forward

Tuesday 28 April 2020 at 13:50

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.