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UK: House price falls ‘will be delayed by current surge in buyer demand’

UK property website Zoopla has predicted a surprise housing market rebound will mean that property prices do not start to fall generally until later this year.

Zoopla said it expects to see house prices bounce upwards over the coming months as pent-up buyer demand is released into the market – before falling towards the end of 2020 into early 2021.

While UK prices are set to increase by between 2% and 3% over the next quarter, the initial upward momentum will be followed by a price dip as economic conditions bite, it predicted.

Commenting on Zoopla’s report, Nick Leeming, chairman of estate agent Jackson-Stops, said: “Those looking to sell their homes this year will benefit from listing their homes on the market sooner rather than later.”

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