Long-term effects of Covid-19 on housing not yet possible to discern

The collapse of the short-term let market has had a dramatic effect on supply, but it’s a drop in the bucket of what we need

29th March, 2020
Long-term effects of Covid-19 on housing not yet possible to discern
City properties have shifted from the short-term letting market to the long-term rental market. Picture: Paul Sherwood

What might Covid-19 mean for the housing market? The measures taken to address the outbreak amount to an extraordinary, potentially once-in-a-lifetime economic shock. As governments in almost all affected countries have decided, economic considerations must take second place to human considerations and the need to look after the most vulnerable in society.

But this does not mean that the economic costs are not there, or are insignificant. The first and second quarters of 2020 are...

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