2021 Interview of 429 Experts around the World on Covid-19

go Back 2021 Interview of 429 Experts around the World on Covid-19

Subarna Prasad Ghimire

Country: Nepal
City: Kathmandu
Position: Civil Engineer
Organization: MAX ENGINEERING & EDUCATIONAL CONSULTANCY

On the whole, what was the percentage change in housing prices in your city during end 2019 to end 2020

Answer:

%

In your opinion, what will be the percentage change in housing prices in your city during end 2020 to end 2021

Answer:

%

When will the property markets recover after Covid-19?

Sector	Answer
Agricultural land	Quarter 1/2022
Urban land	Quarter 1/2022
Office	Quarter 4/2023
Shopping	Quarter 4/2023
Industrial properties	Quarter 4/2023
Hotels	Quarter 4/2023
Resort properties	Quarter 4/2023
Rental housing & rental apartments	Quarter 4/2023
Owner-occupied apartment or condominiums	Quarter 4/2023
Detached houses, rowhouses or low-rise residence	Quarter 1/2022
Residential land subdivision	Quarter 1/2022
Retirement living	Quarter 4/2022
Overall Assessment for your country	Quarter 4/2022

What are ‘new normal’ in real estate in your opinion?

Kindly elaborate:

Due to Covid most of the countries are easing their economic and social restrictions in this context the new normal for real eastate business could be good offers including smarter options with high quality offerings.

How should we adjust ourselves in real estate business?

Kindly elaborate:

This pandemic has left people thinking that the house is a more important asset in their life , may be people who now sticks to apartments may switch to owing house which would lead to demand increase for land and buildings rather than apartments and community housing.