Todays update on the Market Trends and COVID-19 from Knight Frank

Here is the update today 6th April 2020:

Economic headlines 

• Asian shares and equity futures across Europe and the US climbed overnight on news that the death rate in some of the world's hardest hit locations is slowing. Italy reported 525 new deaths on Sunday, the lowest daily number for over two weeks, Spain’s toll declined for a third straight day and the UK’s was lower than the previous day’s. France reported an additional 518 deaths, the lowest number since last Tuesday. 

Housing market implications

• This morning we publish our latest Residential Market Outlook. This includes new forecasts for UK and London house prices, sales volumes and rents in key markets through to the end of 2021, alongside the economic assumptions that underpin them.
• Flora Harley continues her Global City Economic Watch today. Flora’s analysis of real-time economic data looks at key indicators across 16 world cities and illustrates how the global pandemic is impacting activity in Asia, Europe and the US. This morning’s analysis of scheduled flight departure confirms how China's busiest airports are now seeing steady growth, with scheduled departures from Beijing and Shanghai rising more than 60% in a month. Meanwhile, Paris and Milan have seen declines of 70% and 75% respectively. 
• Finally this morning, Kate Everett-Allen provides five key charts from China that show potential shifts in consumer sentiment and buyer demand once the peak of infections has passed.