Choices | A lot down | Somewhat down | Stable | Somewhat up | A lot of increase |
Agricultural land | |||||
Urban land | |||||
Office | |||||
Shopping | |||||
Industrial properties | |||||
Hotels | |||||
Resort properties | |||||
Rental housing & rental apartments | |||||
Owner-occupied apartment or condominiums | |||||
Detached houses, rowhouses or low-rise residence | |||||
Residential land subdivision | |||||
Retirement living |
2022
the real estate sector is practically 20% of GDP, we expect that in the last quarter as long as there are no rebounds, the recovery will begin.
We must adapt to the new reality and convince owners to adjust prices.
Developer, Property Investor, Agent / broker, Other Property Consultants
Reason: In my area of influence there is little supply and demand is stable, it is possible that in some areas there have been price drops, but not very significant. At the beginning of 2020, we already noticed a certain slowdown in the economy and a price adjustment, the Covid19 has only accelerated the adjustment.