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 1/2022
Urban land
Quarter 1/2022
Office
Quarter 1/2023
Shopping
Quarter 4/2022
Industrial properties
Quarter 1/2021
Hotels
Quarter 4/2023
Resort properties
Quarter 4/2023
Rental housing & rental apartments
-
Owner-occupied apartment or condominiums
Quarter 1/2021
Detached houses, rowhouses or low-rise residence
Quarter 1/2021
Residential land subdivision
Quarter 1/2021
Retirement living
Quarter 1/2023
Overall Assessment for your country
Quarter 1/2023
What are ‘new normal’ in real estate in your opinion?
I think office space demand will shrink. Hybrid work models will be the norm. Many employees that have worked successfully from home will want to continue to do that. Some full time and others 2-3 days a week. This means that the retail markets in major cities will be impacted and they will need to readjust themselves. I do believe we will see inflation. And, I am concerned that there is too much money out there, people are being crazy and we will be crashing. Not all sectors.
How should we adjust ourselves in real estate business?
We should be aware and work to mitigate risk. We should be careful not to over leverage. We also need to watch and do more to prepare for continued climate chaos. This means we may have increased operating expenses which can have a negative impact on values. We need to be flexible.
Which sectors are you in? (multiple choices)