Most experts are predicting that house prices in the UK will fall over the next few months, with the trend looking to continue over the course of 2020.
Not all sellers will be impacted equally however, with location playing a big part in the significance of price decline.
The most recent data shows a rise in property prices as the property market has reopened. However, experts warn that this is due to deals that were put on hold from before lockdown had begun. Whilst the rise is welcome, it is not expected to last throughout the year.
Mortgage lenders have been the first to react to the coronavirus lockdown, the wounds of the 2008 financial crisis still evident with lenders taking a risk-averse approach to mortgages. First-time buyers are the most affected here, with the removal of 95 percent mortgages that many were aiming towards.
Source: https://www.entrepreneurshipsecret.com/selling-your-property/