House prices are expected to fall by an eye-watering 13% this year due to coronavirus uncertainty. The housing market's collapse will be sparked by plummeting incomes and job losses as the pandemic wreaks havoc on the economy, The national lockdown to try and slow down the contagion has been dubbed "a major economic shock" by the Centre for Economics and Business Research (CEBR), who made the prediction.

It comes as businesses warn of thousands of redudnancies once the Government's Jobs Retentions scheme comes to an close in June.

The CEBR said coronavirus will send shockwaves through almost every town, city and industry in the UK, even after lockdown measures are relaxed.

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Israel's Netanyahu notches key wins in a deal with his rival

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Coronavirus: House prices set to tumble 13% over next 12 months

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