UK Analysis | October 2020

Market Report provided by Zoopla

UK house price growth hits two and a half year high. • High demand over the summer has created a sales pipeline that is 50% bigger than a year ago. There are 140,000 more sales in the system than usual creating operational pressure on lenders, valuers and conveyancers. • The flow of new demand is starting to moderate, returning to pre COVIDlevels although still >40% higher than a year ago. • The supply of homes for sale is 18% higher than this time last year as buyers list their homes for sale – up to 39% higher in London. • The recession and rising unemployment is starting to impact activity in parts of the market, primarily those in less wealthy demographics.