Boston luxury high rise condo market. We can learn from the past
Although this cornavirus is a unique situation to us, there are other parts of the world that have gone through it, therefore, we can learn from there history as it applies to the Boston luxury condo market. One example:
When Hong Kong’s luxury condominium market, like our downtown Boston high rise condo market, faced the threat of SARS, a disease that called for similar isolation practices that Gov Baker has just implemented, found that although transaction volume plummeted in Hong Kong by 72 percent, housing prices did not fall significantly—nor did they fall in China during peak of there coronavirus that happened only a few months ago.