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2021 Interview of 429 Experts around the World on Covid-19
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David NagelCountry: New Zealand
City: Wellington
Position: General Manager
Organization: Quotable Value Limited
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?
Shortage of supply of residential housing stock; shortage in supply of development land; insufficient infrastructure to support new developments; provincial drift from major cities as people chase affordable lifestyle options in more flexible work environments; currently record low interest rates moving to lower than average interest rates going forward; falling yields for investors;
How should we adjust ourselves in real estate business?
Smaller office floor plates; mobile, flexible work conditions; less reliance on travel (using Zoom and other platforms);
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
