What is the impact of coronavirus to short-term rental market and forecast for 2020?

Airbnb host London

The only certainty about the London housing market, it seems, is that the first three months of this year are going to be bleak.

Property industry experts are forecasting a muted first quarter in the build-up to Britain's official withdrawal from the European Union at midnight on March 29 as vendors hold back, hoping to achieve a higher price later in the year after Brexit chaos has subsided.

Meanwhile, aware of the growing unease, buyers will be holding out for big price reductions. "Death, divorce and debt will drive supply but buyers will only commit for a significant bargain,” says buying agent Henry Pryor.

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