NAVIGATING UNKNOWN WATERS
As the Covid-19 virus spreads across the world, investors are desperately trying to forecast which direction yields will go in. Looking back, they will see that following the SARS and H5N1 bird-flu outbreaks, in 2003 and 2005 respectively, the property market bounce back trend occurred in a “V” shape.
However, as we are all now well aware, the Covid-19 pandemic and the response of leaders around the world to it is unprecedented in modern times. This means that when it comes to the impact of Covid-19 on the economy and the property market, we are dealing with quite a different beast to that of those past virus outbreaks.
The effects of the previous outbreaks did not even come close to the looming economic impact of Covid-19. In turn, this makes picking what might happen next for commercial property particularly difficult.
