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Forecast for United Kingdom housing transactions between 2019-2024

While the end of 2019 was marked by the political and economic uncertainties of the outcomes of the Brexit negotiations, the beginning of 2020 will be remembered by the outbreak of the coronavirus (covid-19) and the global economy nearly being brought to a halt. According to the figures, as of May 2020, it can be seen that the number of housing transactions was forecast to decrease from approximately 1.18 million in 2019 to a total of 0.65 million by 2020. House prices are also expected to fall, but head for recovery in the next two years.

Forecast number of housing transactions in the United Kingdom (UK) between 2019 to 2024

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Source

Release date

September 2020

Region

United Kingdom

Survey time period

May 2020

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Statistics on "Residential property market in London (UK)"

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