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Like all aspects of life this year, the residential property market has faced significant disruption due to the COVID-19 pandemic. The outbreak of the virus has represented an unprecedented shock to the economy and to society, unlike any experienced in living memory. The necessary precautionary health measures taken to reduce the spread of the virus has had adverse consequences for both the economy and the housing market and will continue to hamper the market as long as they are in place. However, while the impact has been extensive, the market has shown remarkable resilience despite the challenges COVID-19 has presented.
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