The sun is shining, which is usually a cue for the housing market to warm up each year, but home sales remain in deep freeze. People are not going out, let alone inviting strangers into their homes for viewing. Estate agents have shut up shop for the duration – but what about our own moving plans?
The property market has become confused. Halifax reported that UK house prices fell by 2.9%. According to the Nationwide, house prices rose by 0.4% in February. The true picture may be that although prices are rising in some areas, in others, such in central London they are falling.
The cost of housing remains a major issue in the UK. For those who have already got on the property ladder, property, it is an apparently endless source of wealth – while for those who have not, it is a matter of frustration and misery.