The authorities has additionally beneficial that buyers and lenders delay negotiations through the lockdown, bringing transactions to a halt . Many are apprehensive that we will face another financial crisis, just like that of 2008 that may impression confidence in real property. Banks throughout the UK have begun to take precautions; high street lenders require as a lot as 40{2068461ecb2749bc6b8d6586f764e6ba379f4a8fa732af27237329db60b30634} deposits for a new mortgage to be approved. It is however too early to speculate on the influence of COVID-19; as of yet, the infection has not had a major impact on the housing market [, ]. The decline in global stock markets has festered a volatile surroundings with critical liquidity levels . To fight these effects, Central banks globally have intervened to ensure liquidity is maintained and mitigate the economic shock, with several leaders embarking on a ‘Whatever it takes’ strategy . Professor of Financial Economics, David Miles, from Imperial College London has likened such authorities spending to the post-Napoleonic, first and second world warfare eras the place public sector liabilities rose significantly.
More work is needed to understand how interactions between packages could influence economic outcomes. Altogether, these results recommend that a vast number of enterprises had temporarily …