Housing market facing ‘major challenge’ as sales set to plummet

The coronavirus outbreak has “put the brakes” on demand for housing, a new report by Zoopla has revealed.

House sales are expected to drop by as much as 60 per cent over the next three months as the property market reacts to the impact of Covid-19, according to the latest UK Cities House Price Index.

Interest from new buyers has fallen dramatically, but the market has not ground to a complete…

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