Somewhat downReason: We did not even reached the peak of the economical crisis, which will be caused by covid-19. The effect will start in a few months. If there will be a second wave, the effecr will be more dramatically. Economies will collapse, a lot of insolvencies and unemployment will be the result. Then real estate prices and values will even go more down than now expected.
|Choices||A lot down||Somewhat down||Stable||Somewhat up||A lot of increase|
|Rental housing & rental apartments|
|Owner-occupied apartment or condominiums|
|Detached houses, rowhouses or low-rise residence|
|Residential land subdivision|
Companies rethink their office-space-strategy. From one hand there will be more space in an office to keep distance, from the other hand less employees because of using home-offices. In private more need for space; more rooms or even a house with garden.
I think there is no general strategy or advice in this matter.