Saturday, 2 May 2020

About $1 billion in resi broker fees are on ice in the UK

The coronavirus pandemic and government mitigation measures have put a hold on around $102 billion worth of home sales set to close in April and June in the United Kingdom. Around 373,000 deals were put on hold during that period, according to a Zoopla report cited by Bloomberg. That translates to about $1 billion worth of brokers fees tied to those sales that are on hold. Many prospective buyers stopped searching for homes in March



source https://therealdeal.com/2020/05/02/about-1-billion-in-resi-broker-fees-are-on-ice-in-the-uk/

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