![\"\"](\"https:\/\/www.fpgonline.co.uk\/wp-content\/uploads\/2019\/11\/IMG_7608-300x225.jpg\")
The re-opening of the UK property market, following seven weeks of restrictions during lock-down, has seen a surge in viewings and offers, a combination which, it is hoped, will stave off the worst of the predicted house price drops from reaching fruition \u2013 in the short term at least.<\/p>\n
Online property portal Zoopla\u2019s director, Richard Donnell, said of the situation: \u201cThe scale of the rebound in demand for housing is welcome news for estate agents and developers, but it is also surprising given projections for a sharp rise in unemployment and a major decline in economic growth.\u201d<\/p>\n
A survey of 2,000 individuals by Zoopla found that 60% of buyers in the UK are planning to continue with their search for their next home, and of those, 22% felt they had not been impacted by COVID-19 and expected to continue unaffected.<\/p>\n
The survey also showed that whilst 37% of buyers felt they had been impacted to some extent, they were looking to continue with their purchase as soon as possible regardless. However, 41% felt they would have to put any plans to move on hold \u2013 citing market uncertainty, an expected loss of income and a more general reduction in their financial confidence.<\/p>\n
For those households looking to sit tight and perhaps consider re-mortgaging to a new discounted fixed term deal, Nationwide Building Society has knocked 0.25% off of its two, three, five and ten-year fixed rates switcher mortgage products, as well as its two-year tracker mortgages.<\/p>\n
If you would like to discuss what options are available to you, or enquire about securing a low-rate mortgage product that\u2019s right for you, please contact Steve Padgham via Steve.Padgham@fpgonline.co.uk or call him on 020 8614 4782.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The re-opening of the UK property market, following seven weeks of restrictions during lock-down, has seen a surge in viewings and offers, a combination which, it is hoped, will stave off the worst of the predicted house price drops from reaching fruition \u2013 in the short term at least. Online property portal Zoopla\u2019s director, Richard […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2690","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n