UK house prices 2020: how has coronavirus affected the housing market so far?

Forget PPE, it’s all about PDP — that’s price discovery phase — as buyers and sellers struggle to agree on the value of homes after the opening of the property market.

Surveyors are still writing “market-uncertainty clauses” into valuations based on house price data from the beginning of the year and buyers are rubbing their hands in glee over the prospect of discounts, but sellers are standing firm. Very firm.

Asking prices have risen since estate agencies reopened on May 13. The average asking price in the week that the property market was frozen was £245,000, but the price increased to £280,000 after the market reopened, according to View My Chain, a company that tracks sales.

However, buyers are having none of it. “Since…..

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