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Coronavirus effect on property markets?

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Coronavirus effect on property markets?

631 replies 79.1K views
AG47AG47 Forumite
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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
«13456764

Replies

  • The_RainmakerThe_Rainmaker 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
  • ArklightArklight 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-JokerThe-Joker 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

    What has that got to do with the question about property prices?
    The thing about chaos is, it's fair.
  • RelievedSheffRelievedSheff Forumite
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    Like any illness it will have !!!!!! all effect on house prices.
  • HerzlosHerzlos 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.
  • lisyloolisyloo 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

    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.
  • gfpluxgfplux 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.
  • lisyloolisyloo 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.
  • ThrugelmirThrugelmir Forumite
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    More people have died from flu in the Uk.;)
    “Far from seamlessly assimilating new ideas into our existing belief framework, research shows that we actually tend to get more firm in our cherished beliefs when those beliefs become challenged.”
    ― Daniel Crosby
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