Global housing markets ensnared by pandemic's toll on jobs: poll

Bengaluru

THE outlook for major global housing markets is subdued, with high unemployment from the novel coronavirus pandemic and lockdowns and low immigration posing the biggest hurdles over the coming year, said a majority of analysts polled by Reuters.

The coronavirus has killed more than 480,000 people worldwide, infected about 9.3 million, and left millions more jobless.

It has also pushed the global economy into a deep recession, with the rebound expected to be slow and long as the pandemic still spreads in stages.

That comes despite …

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