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Demand for housing tanks in UK as buyers stay home

The growing coronavirus pandemic has tanked housing demand in the United Kingdom. Demand fell 40 percent over the last week and the number of handshake deals — or “subject to contract” deals — were down 60 percent, according to a Hometrack study of 20 U.K. cities first reported by Mansion Global. Hometrack projects transaction volumes to drop 60 percent in the second quarter and for demand to fall steadily through the third quarter. “These are

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