18 Mar 2020

Covid-19: Recession could cause housing slow down

From Morning Report, 8:38 am on 18 March 2020

House sales could grind to a halt as a recession from the coronavirus outbreak edges closer.

Economists and real estate agents are predicting a drop in prices and sales over the next six months as social distancing makes transactions harder and banks become more risk averse with lending.

Eva Corlett reports.