UK Cities House Price Index - March 2020
Download the latest House Price report from Zoopla here
UK city house price growth +1.8%, with March recording lowest monthly growth for a year (<0.1%).
Demand for housing fell by 70% from early March. The decline bottomed out in early April and has been increasing steadily over the last 3 weeks. Demand remains 60% lower than in early March.
We estimate that there are 373,000 sales held up by the lockdown for homes worth £82bn. We expect completed housing sales to be 50% lower in 2020 compared to 2019.