GDP has crashed and the UK is on course to experience the worst recession for 300 years. More than one quarter of the working population is furloughed or has claimed universal credit as a result of the economic fallout of the pandemic.
But looking at the property market, you wouldn’t notice any of that. Rightmove, a property portal, reported that asking prices for homes are actually on average 1.9pc higher now than before the country went into lockdown.
This tells us nothing at all about what will happen to house prices. But it does reveal the optimistic sentiment of sellers
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