Real Estate Trends POST COVID 19 Pandemicby Property Adviser Hyderabad Real Estate Directory – Complete solutio
Landlords got rich in a dream- this is a belief that resonates with most of us. Therefore, it is not surprising that more investments are made in real estate than in stocks and bonds combined. According to estimates, the value of global real estate transactions last year was $ 2 trillion. Most of the savings and investments of the average Indian are also associated with this class of assets. Naturally, over the past few weeks, there have been many thoughts about his future.
Due to the precarious situation in many real estate segments, the apocalypse preppers are not numerous. The developer suggested that reset the value of the house to get the demand, some hotels seek a change of use of land to the house. Office space requests abruptly decline and store malls see tenants cancelling rent or refusing to pay rent.
In addition, consumers who want to own or want to own a home nearby are also confused. How do you protect and sustain your investment? When to make a new bet and where? What do you need to choose in order to keep pace with emerging trends?
Real estate does not only consist of buildings made of brick, mortar, glass and steel. It enables our existence and happiness. Contrary to fear and low expectations, post-covid real estate in the world looks different, but will probably survive and ultimately flourish as an asset class. Decentralization, redistribution and restructuring will be the main themes of this transformation. Although still in its infancy, there are some indications of how a pandemic could impact both consumers and developers. It is important to note that the wind of change was not just caused by a pandemic. Many of these changes were necessary, and lockdowns have led all stakeholders, including governments, to think and act in ways that would enhance this.
Homes become more prominent than places of work and influence urban development and our real estate choices. The good news for India is that the long-term housing demand trend remains secular as the young population continues to enter the labour force in large numbers. Over the past few years, the mindset has gradually changed among the first home buyers, who have come to favour rental housing, challenging the established Indian taste of buying a home.
Pandemics are driving them into the desire to own a home. Real estate investment provides greater peace of mind in times of crisis when financial assets are under pressure. The additional home space that is guaranteed to work from home is an equally important consideration.
The commercial office sector was the most favoured segment for institutional investors, peaking in pre-pandemic pricing. Given the increasing adoption of telecommuting models, which are becoming an integral part of long-term strategies, the impact on this sector is expected to be significant given the reduced space requirements of information technology companies.
Moreover, the office space occupied by start-ups and small businesses faces challenges as they face financial and business headwinds. Health and hygiene are prioritized over space efficiency, and offices will be redesigned for the post-COVID world. Business CEOs aim to minimize costs, and the most glamorous buildings in the heart of the commercial district may no longer have the same appeal. The offices are spread across "spoke" locations (those who can't work from home or need to work in groups) linked to a "hub" that was previously a variant of "corporate headquarters."
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Created on Jul 14th 2020 12:19. Viewed 290 times.