go Back 2021 Interview of 429 Experts around the World on Covid-19
When will the property markets recover after Covid-19?
Sector Answer
Agricultural land
Quarter 1/2021
Urban land
Quarter 4/2023
Office
Quarter 4/2023
Shopping
Quarter 4/2023
Industrial properties
Quarter 1/2021
Hotels
Quarter 4/2023
Resort properties
Quarter 1/2022
Rental housing & rental apartments
Quarter 1/2022
Owner-occupied apartment or condominiums
Quarter 1/2022
Detached houses, rowhouses or low-rise residence
Quarter 1/2021
Residential land subdivision
Quarter 1/2021
Retirement living
Quarter 1/2021
Overall Assessment for your country
Quarter 3/2022
What are ‘new normal’ in real estate in your opinion?
Houses would have an extra room or area for residents to “clean up” or “sanitize” before entering the main house to join the family members. Also, a part of the house may be converted into study area for kids or home offices for the adults. In terms of Real Estate Developments, consideration for more open spaces will be considered. More suburban developments will be introduce as people will shy away from condo/apartment living.
How should we adjust ourselves in real estate business?
As service practitioners, we should use technology more to showcase the properties that we sell as people will try to limit actual property visits. As developers, we should consider the current trend or shift in preference by the buyers.
Which sectors are you in? (multiple choices)