Property News · May 5, 2020

From Australia to Hong Kong: Not one Asia-Pacific housing market spared as coronavirus knocks investor confidence


The deep global recession will lead to significantly lower home sales this year across Asia-Pacific as economies grapple with an unprecedented downturn brought on by the Covid-19 pandemic.While it is difficult to precisely quantify the slump, analysts agree that not one property market in the region will be spared.“Given the nature of the pandemic and the sudden shock to real estate activity, with projections of a recessionary environment across most regional economies, it is probable that the…

Source : South China Morning Post
Read more…From Australia to Hong Kong: Not one Asia-Pacific housing market spared as coronavirus knocks investor confidence