Problems in the US, UK and Hong Kong Property Markets Under the Impact of COVID-19

Abstract

Contemporarily, the COVID-19 has negative affected various field globally including property markets. On this basis, this paper discusses the existing real estate problems in some countries and some new problems caused by the COVID-19 epidemic, as well as the causes of these problems. Subsequently, implementations and policies that the governments of these countries proposed to address issues are discussed. To be specific, this paper focuses on the distance and analysis of three countries or regions, namely the United Kingdom, the United States and Hong Kong. According to the analysis, the United Kingdom mainly focused on immigration under the pandemic; the United States focused on analyzing different problems in real estate markets caused by the epidemic among cities with different functions; while Hong Kong, China focused on analyzing the problems and causes of low human settlement wages and low per capita land occupation area. These results shed light on guiding further exploration of policy implementation under risk conditions.