Property Sales Hit Record Low in April 2020 - Nova
downArrow

HMRC reported just over 38,000 completed transactions in April 2020, the lowest number since they started keeping track in 2005, lower than even during the 2008 financial crisis. The number represents a decrease of more than 50% compared to April 2019.

The housing market was temporarily deserted for obvious reasons from mid-March, as the Coronavirus pandemic got out of hand and lockdown restrictions were enacted on 23 March. Since then, the government has started to gradually loosen the restrictions, and with it brought the choked down property market a little bit closer to life.

Further lifting of lockdown measures would help the property market flourish again, and both buyers and sellers should beware that this pent-up market might go through a bit of a boom once the market opens up again. Now would be a good time to keep an eye out for interesting, promising property investments, as prices are falling, and sellers are eager to strike a deal at bargain prices.

Nova News

Property Sales Hit Record Low in April 2020
Property Sales Hit Record Low in April 2020
by Stefan Vadamootoo
read more
UK’s Post Lockdown Buy-To-Let Hotspots Revealed
UK’s Post Lockdown Buy-To-Let Hotspots Revealed
by Samuel Parry
read more
Fees on Large Buy-To-Let Loans Reduced
Fees on Large Buy-To-Let Loans Reduced
by Stefan Vadamootoo
read more
Worst Property Investment Spots
Worst Property Investment Spots
by Samuel Parry
read more
West London Property Market in Recovery
West London Property Market in Recovery
by Stefan Vadamootoo
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
The property pension plan book icon

Take Control Of Your Future With Buy To Let Investment, get The Property Pension Plan for Free!

Find Out More
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top