15 Apr 2020
Ok, then what will happen when things lockdown ends and people return to normal life. Where will they go on weekends to eat and drink? All this is temporary and anyways there are always some businesses which are in losses even during normal times and they get closed every month. Nothing new.
As far as builders are concerned, yes they may have to reduce prices because they have a pressure of interest cost as they are working on borrowed money many times.
As far as owners of old Properties are concerned, I do not think that they will reduce the price that easily. Because other than price there are many other aspects like location, address, opportunity etc. I am only considering people with self-use requirements here.
Most importantly, the price reduction is no guarantee of a sale.