Manya Rathore
Research expert covering India
Coronavirus (COVID-19): impact on real estate in the UK - statistics & facts
鈥淪tay home. Protect the NHS. Save lives鈥, was one of the first slogans in the wake of the coronavirus (COVID-19) pandemic. Staying at home, working from home, and shopping online turned into the norm for many people in the United Kingdom (UK) in 2020 and the beginning of 2021, eventually prompting and accelerating different trends in both the residential and commercial real estate markets. Additionally, the UK real estate market was hit by the effects of the pandemic on the global and domestic economy, and the waning investor confidence. In March 2020, the FTSE Index experienced the second largest one day crash in its history, while investment activity slowed down to record low levels.
