Private home purchases at odds with headline economic toll
Economists put market buzz down to low interest rates and optimism among those not at risk of layoffs yet
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THE Covid-19 pandemic has brought about grim news of job retrenchments, wage cuts and a recession - and yet, the property market seems abuzz with activity, with demand for private residential homes on the rise.
Economists The Business Times spoke to attribute this disconnect to reasons such as the low interest rates and the optimism felt by those whose livelihoods remain untouched by the pandemic.
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