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2021 Interview of 429 Experts around the World on Covid-19
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Shlomo AngelCountry: USA
City: New York
Position: Professor of City Planning
Organization: New York University
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?
A permanent reduction in the demand for office space of 20%. A permanent reduction in the demand for retail space of 20% and a decline in prices and rents of 30%.
How should we adjust ourselves in real estate business?
It will take five years for New York City to get back to normal. The real estate industry has to understand it.
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
