Coronavirus Property Market
If you are searching ‘Coronavirus Property Market’, you might be a little worried about the impact of the coronavirus on the property market. On behalf of the entire team here, we want to advise you to look for official instructions from the government and health organisations. Don’t take advice from folks on social media who might not know what they are talking about. Of course, Samuel is not a scientist or a doctor. He’s a property investor so in this video he sticks to that topic.
Samuel says that Coronavirus is clearly having a massive effect on people. It makes them scared and inevitably this impacts the market. There is hysteria in the air and anxiety among the general public. This means that there will naturally be a knock-on effect for businesses. Property prices were starting to soar after the Brexit saga seemed to find steady ground in January. The Boris bounce appears to have slowed down a little as the virus is making investors and tenants a little apprehensive.
Coronavirus impact on Serviced Accommodation
So, growth is slowing down, that means it’s unlikely that there will be a massive impact in the long run. If you are running serviced accommodation strategies, you might experience some difficulties. However, in terms of property prices and other parts of the industry, we think it’ll be largely unscathed.
If you want to ask Samuel a question which has been on your mind, you know what to do. Simply head over to the comments section of the YouTube video below. We hope you enjoy this episode of Sunday Q&A!