When will the property market start moving again?

For those looking to buy or sell houses, lockdown has put many of the best laid plans on hold. Since lockdown was imposed on the 23rd March, the property market has entered into a period of suspended animation. We don’t know when lockdown will end, nor what the financial and economic collateral damage will be for the UK economy and we certainly don’t know what the ‘new normal’ will be or how long it will have to go on for.

So, what do we know? Financial markets, although initially taking fright, have recovered somewhat. Falls of between 10 and 15 per cent across indexes around the world with markets seeming to have stabilised. At least for now. Interest rates have fallen and unprecedented levels of intervention by central banks have been deployed by the largest economies in the world. We also know that working from home for many people is doable and although many aspects of our lives have been interrupted, there’s plenty you can be doing to plot your next move.