Will COVID-19 crash the property market?

Nigel Stapledon is a research fellow in real estate at the Centre for Applied Economic Research at the University of New South Wales  at The Conversation:

It’s one of the most googled questions since the Covid-19 outbreak began: how will coronavirus affect house prices?

The bottom line is it will be negative – prices will go down. People, up until now, have been talking about the property market developing a bit of momentum, with the interest rate cuts we had last year and the easing of credit conditions.

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