The US saw a sharp rise in the number of property deals falling through in March. Photo: AFP

IMF forecast of deep global recession will send investors fleeing the property market, say analysts

  • The IMF’s recent prediction of a global slowdown worse than anything since the Great Depression will hit demand for real estate, says Knight Frank
  • The economic downturn brought on by the coronavirus outbreak ‘will have a significant impact on deal volume in 2020’, warns property consultancy Cushman and Wakefield
Topic |   International Property
The US saw a sharp rise in the number of property deals falling through in March. Photo: AFP
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