Five Years Before Housing Market Recovers From Coronavirus – Claim

The market could take five years to recover from the Coronavirus crisis after possible double-digit percentage price falls and fast-increasing repossessions. That’s the bleak assessment of a peer-to-peer lending platform, Sourced Capital, which has analysed property market data from past recessions in a bid to estimate - very crudely - what might emerge from the current crisis. It suggests that the early 1980s recession lasted for over a year and produced a four-fold rise in repossessions. The platform says the property market nonetheless remained resolute where house prices were concerned at least, with an increase of 8.6 per cent. Read more on the Estate Agent Today website.

https://www.estateagenttoday.co.uk/breaking-news/2020/4/five-years-before-housing-market-recovers-from-coronavirus--claim