Assessing the impacts of COVID-19 on the Irish property market: An overview of the issues

Allen-Coghlan, Matthew; McQuinn, Kieran; O’Toole, Conor

doi:10.26504/qec2020aut_sa_allen-coghlan

Cited by 4 publications

(5 citation statements)

References 4 publications

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“…Every suggestion and agitation anchors on rental housing regulation, housing allowance and harnessing national housing fund towards an improved rental housing market. The foregoing finding aligns with Allen-Coghlan et al (2020) position on policy approaches to address public issues during pandemic times.…”

Section: Practical Implicationsmentioning

confidence: 62%

“…Properties in largely white communities experience rent rises during this period. Allen-Coghlan et al (2020) discussed policy areas that may need emphasis considering the COVID-19 and explored the consequences for housing demand, supply, price affordability and the rental market. It is possible that the crisis may worsen the already existing mismatch in housing delivery.…”

Section: Literature Reviewmentioning

confidence: 99%

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Does the COVID-19 affect tenants’ adherence to lease obligations in rental market? Property managers’ perspective

Gbadegesin

2022

JFM

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Purpose The purpose of this paper is to investigate how the pandemic affects tenants’ response to their lease obligations. This paper commences with examining the adopted tenant selection criteria during the COVID-19 pandemic. Then, this paper statistically tests if there is a relationship between selection criteria and response on whether the pandemic has effects or not. Then, this paper investigates the specific areas of impact on tenants’ ability to adequately keep to lease agreements in the Nigerian rental market. Finally, this paper proceeds to confirm if there is a relationship between selection criteria and the aspects of tenants’ deficiencies in rental obligations because of COVID-19. Design/methodology/approach Survey data, backed with interviews, is elicited from practicing estate surveyors and valuers and licensed property managers in Lagos, the largest property market in Nigeria and sub-Sahara Africa. Policy solutions and implications were solicited from personnel at the ministry of housing and senior professionals in the property sector. Data were analyzed using descriptive statistics, factor analysis and computer-aided qualitative data analysis, Atlas.ti. Findings Tenant’s health status is now accorded a priority together with others. Numbers of tenants are challenged with keeping to the prompt-rent-payment rule. Other areas of slight breaches included livestock rearing, subletting, alteration and repair covenants. Except for tenant reputation and tenant family size, there was no significant relationship between tenant’s health status consideration and the COVID-19 effect on tenant non-compliance with lease obligation. Tenants’ non-compliance with tenancy obligations has a connection with the tenants’ affordability, reputation, ability to sign an undertaking and health conditions during the pandemic. This paper recommends rental housing policy review. Practical implications It is recommended that the rental policy should be reviewed to give room for rental allowance or palliatives, private rental market regulation, exploration of the national housing fund and, if possible, social housing adoption policy in Nigeria. Originality/value This paper draws policymakers’ attention to the need to prepare for the future safety net that caters to citizenry welfare in challenging times.

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Section: Practical Implicationsmentioning

confidence: 62%

Section: Literature Reviewmentioning

confidence: 99%

Does the COVID-19 affect tenants’ adherence to lease obligations in rental market? Property managers’ perspective

Gbadegesin

2022

JFM

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“…When combined with concern about contracting contagious diseases such as COVID-19, flexible working conditions and the availability of more affordable housing outside the city may indeed result in a discernable exodus to less populated areas. Early evidence suggests that, in some markets, the pandemic may have already initiated a decline in demand for high-density neighborhoods [108,109].…”

Section: Workmentioning

confidence: 99%

How Might the COVID-19 Pandemic Affect 21st Century Urban Design, Planning, and Development?

2020

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As the COVID-19 pandemic continues to transform lives and ways of living across the globe, it is becoming increasingly clear that adaptations involving both physical and institutional infrastructure are warranted. Cities are at the forefront of these adaptive changes as dense urban environments are particularly vulnerable to the spread of contagious airborne diseases such as the novel coronavirus. This paper considers how COVID-19 might influence where and how people live, work, recreate, and move about the city, and how these changing patterns might in turn shape future development trajectories. We also discuss how cities are currently responding to the public health threat posed by COVID-19, and how they might use planning and design strategies to improve resilience in the face of future pandemics.

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“…The current literature on the property market extensively delves into house price dynamics and their repercussions (Khan et al, 2022;Geng, 2018;Kok et al, 2018), alongside exploring the volatility within the housing market (Deng et al, 2018). While preliminary studies have examined the impact of COVID-19 on the real estate sector (Tanrıvermiş, 2020;Allen-Coghlan et al, 2020;Qian et al, 2021), the interconnectedness of various economic sectors necessitates further investigation into the spillover effects. This understanding is pivotal for crafting effective risk management strategies and policies that cater to the needs of both property investors and policymakers.…”

Section: Introductionmentioning

confidence: 99%

Property Market and the Financial Sector: Exploring Malaysia's Scenario in Times of Crisis

Mohd Khan,

Mohd Daud,

Mat Yusoff

et al. 2024

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Amidst the global economic crisis caused by the COVID-19 pandemic, the financial sector faces an uncertain path due to various policy measures. This paper delves into the spillover effects of the relationship between Malaysia's property market and the financial sector. Using the Autoregressive Distributed Lag (ARDL) cointegration bound test, utilizing time-series data from Q12009 to Q32021, the empirical findings reveal a notable spillover effect of the pandemic on the relationship between the property market and financial sector development in Malaysia. Moreover, the marginal impact of the housing market and rental market on the development of the financial sector is elucidated by factors such as risk-averse behaviour, slower GDP growth, and government intervention through policy initiatives. It is crucial to consider this scenario as a precautionary measure, highlighting the potential for crisis prevention, despite the expansionary financial and monetary measures adopted in response to the pandemic-induced crisis.

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Assessing the impacts of COVID-19 on the Irish property market: An overview of the issues

Cited by 4 publications

References 4 publications

Does the COVID-19 affect tenants’ adherence to lease obligations in rental market? Property managers’ perspective

Does the COVID-19 affect tenants’ adherence to lease obligations in rental market? Property managers’ perspective

How Might the COVID-19 Pandemic Affect 21st Century Urban Design, Planning, and Development?

Property Market and the Financial Sector: Exploring Malaysia's Scenario in Times of Crisis

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