Zoopla Cities House Price Index February 2020

Coronavirus cuts short early 2020 market momentum

The focus of this month’s Cities Index is on the recent impact of coronavirus on housing market activity in recent weeks and the short-term outlook.  

The index itself showed city house price growth in February stood at 1.6%, higher than the equivalent in 2019. 

With a growing body of data on the impact of the UK pandemic, our Research and Insights team has looked at the immediate effect on sales levels and the knock-on implications for prices.

How agents can best safeguard sales pipelines – as well as what we can learn from previous economic shocks – are all in this month’s full report.


Report highlights

Just before the coronavirus outbreaks, cities in the North and Midlands were continuing to dominate the Cities Index table in terms of house price growth. 

While the virus has clearly impacted demand, we don’t expect house prices to fall significantly in the short term. 

Indeed, government measures to stabilise employment and safeguard incomes, enabling homeowners to keep up  with mortgage repayments, should deter a rush of sellers reacting to financial pressure – a trend which does damage house prices during periods of economic shock.

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Zoopla Cities House Price Index February 2020

Coronavirus cuts short early 2020 market momentum

The focus of this month’s Cities Index is on the recent impact of coronavirus on housing market activity in recent weeks and the short-term outlook.  

The index itself showed city house price growth in February stood at 1.6%, higher than the equivalent in 2019. 

With a growing body of data on the impact of the UK pandemic, our Research and Insights team has looked at the immediate effect on sales levels and the knock-on implications for prices.

How agents can best safeguard sales pipelines – as well as what we can learn from previous economic shocks – are all in this month’s full report.