The English housing market is open for business again – what happens now?

With the property market re-opening, we can now view, buy and sell houses again. But what next for house prices? John Stepek looks at what the last two house-price crashes can teach us, and where things might go from here.

A pedestrian with a face mask passes a closed estate agent ©
Estate agents are back in business © Getty
(Image credit: A pedestrian with a face mask passes a closed estate agent © Hollie Adams/Bloomberg via Getty Images)

The housing market has re-opened for business. In England, at least.

Those living in England can once again view, buy and sell properties. (I imagine the rest of the UK will follow on given time, but we’ll see).

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.