Property News · April 21, 2020

Covid-19 lockdown to cost UK’s housing market US$18 billion in lost sales


The coronavirus-induced lockdown in the UK is expected to cost the country’s housing market and associated businesses an estimated £14.3 billion (US$17.8 billion) in lost revenue this year, according to Knight Frank. The UK was initially placed on a three-week lockdown from March 23, but that has been extended for at least three more weeks as the British government takes steps to contain the Covid-19 outbreak that has affected 126,000 people and claimed 16,500 lives as of Tuesday. The…

Source : South China Morning Post
Read more…Covid-19 lockdown to cost UK’s housing market US billion in lost sales

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