Debate House Prices


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Coronavirus effect on property markets?

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AG47
AG47 Posts: 1,618 Forumite
in Debate House Prices & the Economy
Gold and silver usually goes up when something bad happens and property is usually inverse correlated to the monetary precious metals.

What will happen to property markets if this coronavirus does keep spreading as it is doing currently?
Nothing has been fixed since 2008, it was just pushed into the future
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  • The_Rainmaker
    The_Rainmaker Posts: 1,483 Forumite
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    You need some perspective have a look at the chart for US deaths from Influenza per week.


    flu_intermediate.png
  • Arklight
    Arklight Posts: 3,171 Forumite
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    Is this going to be like when SARS was going to kill everyone? Then it turned out that it only affected very crowded places with, crumbling infrastructure, poor public hygiene and inadequately funded national health care?

    Oh wait. The UK is stuffed this time around then.
  • The-Joker
    The-Joker Posts: 718 Forumite
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    The_Rainmaker wrote: »
    You need some perspective have a look at the chart for US deaths from Influenza per week.


    flu_intermediate.png

    What has that got to do with the question about property prices?
    The thing about chaos is, it's fair.
  • RelievedSheff
    RelievedSheff Posts: 11,328 Forumite
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    Like any illness it will have !!!!!! all effect on house prices.
  • Herzlos
    Herzlos Posts: 14,688 Forumite
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    It's only going to have an impact on house prices if it kills enough Brits in a small enough area. Wipe out half a town and the supply sand demand will skew for a few years.

    This isn't going to get you on the property market, just save up like everyone else.
  • lisyloo
    lisyloo Posts: 29,617 Forumite
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    The_Rainmaker wrote: »
    You need some perspective have a look at the chart for US deaths from Influenza per week.


    flu_intermediate.png

    I am not sure what us flu deaths has to do with uk property.
    People are living longer as we treat heart attacks, strokes and cancer. One explanation therefore is that more elderly people are dying from viruses.

    Corona virus is currently mainly killing elderly people with chronic conditions already.
  • gfplux
    gfplux Posts: 4,985 Forumite
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    It might slow areas in and around London where there are and have been lots of Chinese buyers.
    There will be no Brexit dividend for Britain.
  • lisyloo
    lisyloo Posts: 29,617 Forumite
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    gfplux wrote: »
    It might slow areas in and around London where there are and have been lots of Chinese buyers.

    That’s the first sensible point I’ve seen.
    At the moment I can’t see it affecting Russian or Malaysian buyers so would be fairly limited in its impact, but fear can Certainly have an impact.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    More people have died from flu in the Uk.;)
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