Coronavirus effect on property markets?

The-Joker

lisyloo wrote: »

Not so.
69 knife deaths in the whole of 2019 (I note you said this year but those figures won’t be available in Jan).
106 from Coronavirus so far

Maybe not much different from flu or pneumonia though which kills thousands of elderly and/or sick.

The numbers released are all lies

Some say hundreds of thousands have already got the corona virus and won’t know it for up to 14 days

All the time they are contagious

Malthusian

It's "coronavirus", not "the corona virus". The latter sounds more like an ad campaign for Mexican lager. If it's going to cause the extinction of humanity and a 30% fall in property prices you could at least get the name right.

movilogo

Over population will increase property price
Under population will decrease property price

If virus becomes epidemic, people will hold off purchase and price will fall.

lisyloo

movilogo wrote: »

Over population will increase property price
Under population will decrease property price

If virus becomes epidemic, people will hold off purchase and price will fall.

The other side of the coin is that more desireable places will become more desireable.

The-Joker

movilogo wrote: »

Over population will increase property price
Under population will decrease property price

If virus becomes epidemic, people will hold off purchase and price will fall.

Absolutely right, prices will fall but These perma prop bulls do make people ��

If the population goes down more supply and less demand

The-Joker

In living memories nothing like this has ever happened

Imagine the economic consequences of shutting down much of China and all non essential business forced to stop for so long

Chinese are going to be selling up their property in other lands and bringing the funds home where it will be needed

PasturesNew

movilogo wrote: »

Over population will increase property price
Under population will decrease property price

If virus becomes epidemic, people will hold off purchase and price will fall.

It'd have to be bigger than all the world wars put together - and condensed into under a year, for British people to even think of not buying a house because of flu. Some might hold off, thinking they might inherit one as Aunt Mabel's been coughing a bit...

movilogo

It'd have to be bigger than all the world wars put together

Not necessarily. Because of internet, panic spreads quickly nowadays.

But yes, for it to really have any effect in house price, situation has to be far worse when buying houses will be least of an issue.

In reality, this has zero effect on house price for foreseeable future.

triathlon

movilogo wrote: »

Not necessarily. Because of internet, panic spreads quickly nowadays.

But yes, for it to really have any effect in house price, situation has to be far worse when buying houses will be least of an issue.

In reality, this has zero effect on house price for foreseeable future.

I tell you what, why don't a lot of these new snowflake breed use the old tried and trusted methods of hard work and sacrifice to buy a home rather than scanning the media every day looking for a disaster to crash property prices

lisyloo

The-Joker wrote: »

In living memories nothing like this has ever happened

In what sense has it never happened? i.e. what's different from aids, sars, swine flu, bird flu, ebola, zikka.
My memory is that there were similar levels of concern about those.


what aspect are you referring to when you say it's never happened as it looks to me like it's happened lots of times.
I dont recall anyone in the general population of the UK changing their financial planning when we were worried about aids (it might have in the affected community of course).