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2021 Interview of 429 Experts around the World on Covid-19
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Richard ArmalavageCountry: United States
City: Naples
Position: CEO-President
Organization: Valbridge Property Advisors
On the whole, what was the percentage change in housing prices in your city during end 2019 to end 2020In your opinion, what will be the percentage change in housing prices in your city during end 2020 to end 2021
When will the property markets recover after Covid-19?
| Sector | Answer |
| 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 |
|
| Overall Assessment for your country |
|
What are ‘new normal’ in real estate in your opinion?
1-Lack of confidence and political unrest. 2- Remote working.....making business culture difficult. 3-Govt stimulus money. Spending & higher tax burdens. 4-inflationary trends. Noticeable by EOY 2021.
How should we adjust ourselves in real estate business?
1-Stay focused....work on culture. 2-Diversity. 3-Training/education. 4-Expand resources while maintaining or lowering cost. 5-Resource Efficiencies and technology systems. 6-Don't fall behind.
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
