May 2020


As I write this we are into our 66th day of lockdown, and as the time goes by I have noticed one question that I have been asked so many times recently by landlords, tenants and investors: “What effect will COVID-19 have on the local property market in the short, medium and long term?” I can safely say that most of us have never experienced times like these, so to give us some idea of what may happen we can look back in history to give us some clues and more recently, the bounce back that is happening to the property market in China. COVID-19 will touch all parts of the Portadown, Craigavon, Lurgan and NI property market, So I will be looking at its impact on our local property prices, local landlords and also tenants and the rents they pay.The 3 Hurdles of COVID-19 and the Property MarketThe main…