Virus outbreak and poor economic outlook overshadow the home market, despite short-term boost from mortgage incentives
- Written by Reporters
- Dampened by social unrest and the COVID-19 outbreak, home transaction volumes fell by 21% quarter-on-quarter in Q1
- Prices at representative estates are down by around 4-8% year-to-date
- The property investment market was at a standstill in Q1 with the number and consideration of major deals falling to the lowest level in over a decade -- by 60%...