Piers Morgan says he can book 50 viewings of houses ‘full of families’ as he slams decision to reopen property market
PIERS Morgan has blasted the Government's "nonsensical" decision to reopen the housing market as lockdown rules are eased today.
Estate agents have been given the green light to show buyers and renters around properties providing they stick to the two-metre social distancing guidelines.
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"Big questions for the biggest asset class in the country that touches us all. Prices look like they will drop five per cent immediately. What is less clear is whether they will fall further by Christmas."
It's also worth noting the rules are different in Northern Ireland, Scotland, and Wales. In Scotland and Wales, home movers are encouraged to delay doing so where possible.
The move will be a welcome relief to more than 450,000 buyers and renters who have been unable to progress their plans to move since March, according to government figures.
Under the lockdown measures, essential or pre-planned moves were allowed but people were discouraged from moving home.
House hunters have instead been encouraged to carry out "virtual viewings" since lockdown was imposed - with housing secretary Robert Jenrick urging potential buyers to continue using the technology.
As a result, property prices are now predicted to fall. Lloyds Bank has predicted a five per cent drop this year, while estate agent Knight Frank has warned of a seven per cent decline.
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