Coronavirus effect on property markets?

lisyloo

veryintrigued wrote: »

Well today's announcement has certainly impacted the FTSE and currency rates.

For anyone bored take a look at the graph of GBP Vs Euro from the announcement at 9ish.

Are you saying this is related to the global heath emergency or do you think it could possibly be related to brexit?

veryintrigued

lisyloo wrote: »

Are you saying this is related to the global heath emergency or do you think it could possibly be related to brexit?

The former.

Isn't that what the thread title and subject matter is about?

Or was something Brexit related announced just after nine?

MobileSaver

veryintrigued wrote: »

Or was something Brexit related announced just after nine?

Yes, Michael Gove conceded "planned Trade deal with EU will involve more regulations and bureaucracy for business" first thing this morning...

veryintrigued

MobileSaver wrote: »

Yes, Michael Gove conceded "planned Trade deal with EU will involve more regulations and bureaucracy for business" first thing this morning...

:rotfl::rotfl:

lisyloo

veryintrigued wrote: »

Well today's announcement has certainly impacted the FTSE and currency rates.

For anyone bored take a look at the graph of GBP Vs Euro from the announcement at 9ish.

https://www.bbc.co.uk/news/business/market-data

Gbp down 0.03% against the euro and 0.01% against usd

It wasn’t a great day but you can never read much into one days figures.

Coronavirus seems to have a low death rate and elderly/frail/sick people are always susceptible.

There are those minded to grasp desperately onto the slightest whiff of bad news to get on the property market.
Better to take control put your time into earning, job hunting, learning new skills or making a new plan (e.g. moving) and yes I have been doing that myself - got a new better paying job last year and a new professional certification this year.

Thrugelmir

lisyloo wrote: »

Coronavirus seems to have a low death rate and elderly/frail/sick people are always susceptible.

Imagine London and the area inside the M25 going into a complete lock down due to a flu outbreak. The knock on effects would be sizable.

lisyloo

Thrugelmir wrote: »

Imagine London and the area inside the M25 going into a complete lock down due to a flu outbreak. The knock on effects would be sizable.

Agree if it happens locally.
AIDS, zika, Ebola all were tragedies locally or for certain communities.

Thrugelmir

lisyloo wrote: »

Agree if it happens locally.
AIDS, zika, Ebola all were tragedies locally or for certain communities.

With 40 million flights a year. People travel more and further afield than ever before.

gfplux

Thrugelmir wrote: »

With 40 million flights a year. People travel more and further afield than ever before.

I think temporarily this will effect some general travel.
I have family flying to London in two weeks time where they use the underground and buses to move around.

They would not be booking that trip today.

lisyloo

Thrugelmir wrote: »

With 40 million flights a year. People travel more and further afield than ever before.

Ok we’re all going to die. No need to worry too much about property prices then :-)

Yes we know about international travel, that is why travel restrictions and quarantine are in place, to take a short term economic hit to prevent worse.
This will either work and be temporary or the disease will become widespread and then the restrictions will be lifted and we’ll have another virus that will kill mostly sick/elderly/frail people. Are there any other scenarios?

Do you foresee a massive uk property crash but people wanting mortgages all get to keep their jobs? Most of think a property crash is like proverbial old age I.e. doesn’t come on it’s own.