You are here

Frozen UK home market leaves buyers stranded

With an effective freeze on the market due to Covid-19, property values may decline as much as 10% this year

BT_20200331_UK31_4074560.jpg
Amid talks with mortgage lenders, the British government is encouraging those living in a home to agree to stay put until there is clarity on when things in the country will start getting back to normal.

London

JEROME Reback was planning to move into his new semi-detached home in north-west London in less than two weeks with his wife, five children and two dogs. He spent much of Friday looking for somewhere to rent and store their furniture.

With about a quarter of the world in...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes