While a negative impact on the market is a certainty, the severity of the fallout cannot be accurately forecast as the full effect of Covid on the economy is yet to be properly digested.
But when you add the impact of a no-deal Brexit into the mix of a global pandemic, it certainly will not be a buyer’s market for a while.
In terms of the London housing market, which has been turned upside down amid office workers doing their jobs indoors, Mr Harris-Cohen says he doesn’t think it’s good news for the capital.
He explained: “I believe that the market in London and the south east will contract, however I think the fundamentals for Northern properties are resilient as yields are strong and there is an emphasis by MPs to support the economic growth of the Northern powerhouse.”
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