Big threat: A workman lays bricks on a residential construction site in Towcester, UK. With many businesses permanently damaged by the pandemic, high unemployment was expected to be the biggest threat to housing market activity over the coming years. — Bloomberg
BENGALURU: Most major housing markets won’t keep up with consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and rock-bottom interest rates, Reuters polls showed.
Over 1 million people have died and more than 33 million have been infected by the coronavirus which has led to supply chain disruptions, stalled economic activity, pushed the world economy into its deepest recession and left many millions jobless.
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