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2021 Interview of 429 Experts around the World on Covid-19
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Sangay WangdiCountry: Bhutan
City: Thimphu
Position: Head of Engineering Department
Organization: Bhutan National Bank Ltd.
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?
Our behaviors and attitudes will change as we consider the implications of Covid-19 on our economy and our society. New normal means continuing development of real estate properties using more of robust equipment and technologies that require less manual laborers.
How should we adjust ourselves in real estate business?
Covid-19 will also accelerate the adoption of digital solutions. We have seen the value of digital solutions across multiple areas such as remote working and online education. Individuals are increasingly using their mobile banking apps for money transfer and other day to day transactions. Similarly the Real Estate business in New Normal may undergo Digitization process.
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
