Updated: 5th May 2020
COVID-19 has accelerated global deflation and the onset of a major correction in prices, particularly property prices and especially commercial property.
Residential property shall correct itself, to a lower level.
Commercial property is entering a period of total uncertainty. The concept of ‘value’ shall be brutally reassessed.
Conversely, input costs (materials and labour) shall rise, creating the perfect storm situation, especially for Developers and Investors.
More to follow !