Great Britain - London reopens to the real estate market

 It is one of the vital parameters that indicate the state of health of the British economy, and surprisingly try now to wake up. After the forced stop due to the coronavirus epidemic, the real estate market in the United Kingdom reopens: the go-ahead from the conservative government of Boris Johnson to the possibility of visiting the properties is part of the first measures to ease the lockdown and represents, according to experts by the Times, a way to limit the decline in prices triggered by the blocking of activities in the country: against the background of a recession scenario now formalized by the ex-Chancellor of the Exchequer, Rishi Sunak, and destined not to be overcome quickly in the reserved forecasts of the Treasure filtered on the media.
    A cautious restart, of course, which still requires strict compliance with the rules of social distancing (two meters between people). But that opens glimpses to real estate agencies, moving companies, notary offices and construction sites: in addition to the commitment to ensure longer working hours and shorter shifts for workers to reduce assembly risks.
    This is a novelty that also aims to unlock the impasse of the many who were moving house but were unable to do so due to restrictions. It is estimated that 450,000 citizens were in the midst of a move when the lockdown in the Kingdom took place on 23 March, with the de facto freezing of negotiations and practices already underway.
    The market has inevitably suffered a setback; but the announcement of the government, if on the one hand it does not fail to arouse controversy on the issue of security, instills here and there the hope of a little oxygen. "This sector that is so important to the economy can now function safely again, and many who were waiting to move in can do it," said Minister for Urban Areas, Robert Jenrick. Moreover, the impact of the lockdown on the value of the properties is currently limited. In April, the average house price in the Kingdom dropped only 0.6% from the previous month to £ 238,511. While on an annual basis, the hen with the golden eggs of the overseas real estate remains up 2.7% for now, according to the latest data published by Halifax.