Coronavirus effect on property markets?

AG47

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?

The_Rainmaker

You need some perspective have a look at the chart for US deaths from Influenza per week.

Arklight

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_Rainmaker wrote: »

You need some perspective have a look at the chart for US deaths from Influenza per week.

What has that got to do with the question about property prices?

RelievedSheff

Like any illness it will have !!!!!! all effect on house prices.

triathlon

These sort of posts just make me feel ill.

The only thoughts that should be going through peoples heads right now is peoples lives and loved ones.
Take these posts to HPC where they sit better

Herzlos

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

The_Rainmaker wrote: »

You need some perspective have a look at the chart for US deaths from Influenza per week.

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

It might slow areas in and around London where there are and have been lots of Chinese buyers.

lisyloo

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

More people have died from flu in the Uk.;)