"The rebound in housing market activity has taken many in the industry by surprise," Richard Donnell at Zoopla explained. "House price growth is set to hold up in the near term and we expect the downward pressure on prices to come in the final months of the year as demand weakens." Lender caution and a more limited availability of 10% deposit mortgages will reduce demand, particularly among first-time buyers who, over recent years, have been the engine of the housing market, Zoopla said. The impact on house prices will crystallise in the final months of the year, it added. "These sellers are not only more likely to achieve higher offers but should also secure a quicker sale by listing their homes in the coming months.

Source: Daily Mirror June 24, 2020 09:05 UTC