Residential market update (w/e 27.03.20)

In what is an unprecedented and constantly changing period in history, there is little value in looking in the rear-view mirror at what has happened in the housing market, and greater value than ever in understanding current positions and what new norms look like.

A result of drastically falling transactional activity will be/is a lack of visibility on pricing in the coming months, with the main housing market measures being rendered redundant by non-existent sample sizes. Due to the need for more timely data, (& the aforementioned weakness of usual measures) we have chosen to temporarily replace our monthly market brief, with a weekly databook-style release where we will tracking elements we feel are playing significant roles. Over the coming weeks, we will be building-up the areas we track to attempt to provide you with as clear and up-to-date picture as possible.

If you’d like to get in touch to discuss and of the points contained within this release do feel free to contact me.