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How do you think about it?

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ya, agree with your opinion Mr David
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To say the prices of properties will not be impacted negatively at all will not be a wise view. Certainly it will be impacted. The purchasing ability of most normal working force will be affected either due to loss of jobs, reduced income or business difficulties. For the next 2 years, this will be the norm. So, yes, my view, property value will be lower. 

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I do believe the value of property will be lower generally. But I still think it depend on the area. Like if the area is very high in demand it may remain flat and there won’t be significant drop. 

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valuer afraid to give too high value to prevent default and bank chase after the valuer.