T
Tassle
New Member
The latest announcements suggest that the Corona virus is likely to become widespread in the UK, and in a worst case scenario could affect 80% of the population, potentially putting a 5th of the UK workforce out of action at its peak. I wondered what people's thoughts were regarding the short-term / long-term effects on the property market?
There seems to be no clear consensus forming in the property media at the moment (perhaps because the the potential scale has only just become apparent, and there are so many variables and permutations that it is difficult for pundits to do more than educated-guesses)
What are peoples appraisals of the situation at the moment? Some seem to be rejoicing that their investments in property far more stable and resilient that the stock market, some are looking further forward to the prospect of an economic downturn and house prices stalling again, and some are considering the more extreme (and by no means likely) possibilities of a recession or a 1% drop in the UK population.
I'm fully aware that nothing is certain and we're working with few solid facts, but I have the kind of mindset that likes to calmly scope ahead and be aware of the possible routes that this could take, and the potential effects on my business.
Any thoughts at this stage?
There seems to be no clear consensus forming in the property media at the moment (perhaps because the the potential scale has only just become apparent, and there are so many variables and permutations that it is difficult for pundits to do more than educated-guesses)
What are peoples appraisals of the situation at the moment? Some seem to be rejoicing that their investments in property far more stable and resilient that the stock market, some are looking further forward to the prospect of an economic downturn and house prices stalling again, and some are considering the more extreme (and by no means likely) possibilities of a recession or a 1% drop in the UK population.
I'm fully aware that nothing is certain and we're working with few solid facts, but I have the kind of mindset that likes to calmly scope ahead and be aware of the possible routes that this could take, and the potential effects on my business.
Any thoughts at this stage?