The constant refrain of the weakening UK economy, recession and house prices in the news lately, has been like a bad case of deja vu. All that doomsaying is getting tedious—especially when dramatic headlines send readers into an unnecessary panic.
As investors, It is essential to sift wheat from chaff: to retain what’s expedient for opportune and profitable change, and discard what makes little difference to our dollars and sense (pun intended)! How? Buckle up and read on to learn more.
The recent Covid-19 pandemic has sent stock markets across the world reeling. US futures and Asian stocks tanked as policymakers worldwide took dramatic steps to cushion the economic blow caused by the outbreak.
The US Federal Reserve and Bank of England slashed interest rates to a historic low of near-zero, with the former launching a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.
Investors are having concerns over the volatility of the property markets, as many countries go into full or partial lockdown to deal with the spread of the coronavirus.
But how much of an impact could current health fears actually have on house prices? The stock markets have fallen dramatically, but compared to property, stocks are largely driven by sentiment.
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