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Prime Minister Boris Johnson has imposed a national lockdown in the face of soaring coronavirus numbers across the UK, but the government has confirmed that despite the ‘stay at home’ order, people are currently allowed to continue viewing properties and move home.
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Experts have warned that house prices could fall by between two to five per cent in 2021 due to rising unemployment and the end of the current stamp duty holiday after the UK experienced an unexpected ‘mini-boom’ in 2020.
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The implementation of a national lockdown has not slowed the demand for housing, as new sellers and uncertain buyers have joined the rush to join the market before March.
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A deposit for a house can seem an unreachable goal for many people who aren’t on the property ladder. However, it can be achievable if you set out a realistic savings plan.
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The latest data from Zoopla has revealed that more than one-third of property transactions this year will be accounted for by first-time buyers (FTBs).
