Covid-19 and housing.
The covid-19 has been the consequence of the impact of the health and economic crisis and this impact has been direct in the residential market.
The recovery of the sector will be slow, and this is because of the demand, which will be affected by job loss. In these times many of the purchases do not materialize, and this is a consequence of uncertainty. It is possible that the complete recovery of the economy, happen between 2022 Y 2023, somewhat later than we thought at the beginning of this epidemic.
The sales have suffered. The sales offices have been closed and the term seller-buyer has not existed. The situation has been complicated by the fact of not being able to make visits.
Regarding the sale of second-hand properties, there has been and will be a reduction in property prices, because many sellers in this situation need liquidity. In general the decrease in prices, can fall from 5% al 10%.
The new work does not seem to evolve in the same way. And buying for investment could slow down.
We've stayed at home.
We have never spent so much time at home before.
This pandemic that we have and are experiencing is going to mean a change in our lives. A change in the way we relate, in the way of seeing things ... but also in the way of living in our homes.
We have had a lot of time thinking about the home we want, or we need. Confinement caught many families unexpectedly, and we have been able to reflect on the limitations of our shared space.
Any type of connection with the outside, now it is a priority when we choose a home. That is why the terraces, balconies and gardens, have become an almost essential requirement in our search.
All the activities of our life have happened in the same space, do sport, work… that is summed up in the need for multipurpose housing.
The good functioning that teleworking is having in some companies, I also consequence this mentality of change.
Exterior spaces with more importance, in line with the interior. That's the key.
Being comfortable at home will be something essential when choosing or designing our homes. Leisure and leisure spaces to keep all members of the family entertained.
Going back to the beginning of this story, and considering this crisis, It may save us that most of the Spanish, we have come to realize that we live in homes that we don't like. Perhaps we would like to live in less central areas and thus have more spacious and brighter places. Unlike, there are people, who would rather live in the city, and be closer to civilization, even if they risk their gardens and change them for a small terrace or for a balcony.
The change in priorities.
In summary, demand has changed its priorities:
Outdoors at home - Communication with the outdoors is more attractive than ever. And it is a reflection that we are already seeing in our clients.
2. Telecommuting - Many employees have adapted spaces such as the living room or bedroom. This trend has been consolidated and our concern is to have our own home office.
3. Sport - The closing of gyms, has "forced" us to keep fit at home, and to realize, that it is a good place to train if we do not have much free time. This generates a demand that seeks larger rooms to perform routines without obstacles..
4. Virtual Tours - Both real estate, how owners and developers have had to reinvent themselves. Although it was already used on some occasions complementing visits, now it has become an essential necessity. Not only for this situation, if not also for the future, taking into account the complication of the schedules of some of the workers. This has also resulted in the appearance of the digital signature, giving our agreement without having to move.
We have suffered something that we had not experienced before, and although this has meant a profound change in our way of living, adaptation will make us stronger.
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Sources: Idealista, businessinsider, pisos.com, the independent.