While the world experiences a slowdown to combat COVID-19, who has time to think about buying a property?
Indeed these unusual times call for caution and conservative decisions.
Lets take a look at past global crises.
Black Monday. 1998 Asian Financial Crisis. The Dot-com bubble burst. 9-11. SARS. Sub-Prime Mortgage Crisis. And finally Brexit.
What was the common outcome?
The global market, including the UK property always bounces back.
IT's JUST A MATTER OF TIME
The location, comfort and convenience of the home are now more important than ever. This creates a chance for residential property to excel in months to come when the market bounces back.
The lockdown in the country has brought transactions to a freeze while researchers forecast property price to drop in 2020 but to bounce back in 2021.
The current economic downturn means a temporary plunge in rates, accompanied by incentives and discounts that our well-informed realtors will assist to pinpoint for you.
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One Global Property Services is closely monitoring developments on the COVID-19 outbreak and has since adopted several measures to safeguard our associates as well as clients.
It’s just a matter of time.
When life gradually go back to normal. The property market will slowly but surely recover as well.
What Does COVID-19 Pandemic Mean For The Property Market?
April Edition 2020