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House prices fall in April as coronavirus restrictions take hold
“The impact of measures taken to curtail the spread of coronavirus started to filter through to the housing market in April, with average prices falling by 0.6% compared to March, and the annual growth rate easing to 2.7%. “With market activity currently almost at a complete standstill, the limited number of transactions available means that calculating average house prices has inevitably become more challenging. This will lead to a great deal of volatility until more data becomes available. “It will not be until after lockdown restrictions are eased that we will get a sense of the new temporary normal ... (full story)