U.K. House-Price Rebound From Virus Seen Cooling by Year’s End
- Zoopla says agreed sales are 4% higher than before outbreak
- Growth of demand, prices will slow as outbreak hits economy
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The U.K. housing market has bounced back from the coronavirus lockdown, but the rising prices aren’t set to last.
Resurgent demand and tight supply combined to push the prices of homes up by 2.4% in May from a year earlier, faster than the pace seen at the beginning of the year, according to a report on Wednesday from Zoopla Ltd. And agreed sales are higher than before the government imposed restrictions to slow the outbreak, the property portal said.