Coronavirus could fast forward structural changes to house prices by 10 years
It is now plainly evident that the housing market cannot function at all during the coronavirus lockdown. At the very least, viewings, listings, surveys, mortgage appraisals and removals just can’t happen for as long as it lasts.
It is therefore easy to say that property market transactions will be lower, probably much lower, this year than last. More difficult to predict though is what will happen to the housing market in the medium to long term, after the current restrictions on human interactions end.
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