With a crisis, new opportunities appear. We looked at how it could impact the coronavirus to the real estate sector.
There are many economic sectors that have been affected by the crisis of COVID-19 and real estate is no exception. Below, we present you with some effects and situations that are projected to the real estate industry over the coronavirus.
Price adjustment:
According to the Association of real Estate Companies of Peru (ASEI) sales of real estate of Lima and Callao, they experienced a decline of between 5% and 10% in the remainder of the year. However, this crisis will also force sellers to lower the price of their property as they will have to adapt to the situation. This represents an excellent opportunity for those individuals who are saving to buy. Buy a home in these moments it becomes an investment that can generate income in the future.
Use of new technologies:
Many of the workers in the real estate sector, tend to make use of the technological tools in a complementary manner, some have knowledge of the potential of these represents, however, there are others that still don't fit and don't rely on that can get good results. These times of crisis has shown that having a marketing plan through networks or applications in technology are a great way to continue to provide the services and as well to be closer to the customers.
Construction:
Construction for obvious reasons must reschedule their progress, which will delay the delivery times. The real estate projects less solid experience problems in their continuity, as it will be difficult to get new customers or existing ones will want to withdraw the purchase.
New designs:
We have been able to observe how, in different parts of the city and the world many people have experienced a new way of communication between their neighbors through their balconies. Places that only gave us a good view, have become spaces to share and enjoy the company of The future buildings now have a new vision of the importance of the distribution of the spaces and the value they carry the spacious rooms and outdoor, which can be used without leaving the house.
Rental real estate:
It is one of the uncertainties that comes through the current situation. It is difficult to establish clear measures with respect to the system of rent since it not only affects the lessor but the lessee.
This relationship establishes a chain of payments that will no doubt affect both parties.
It is in these times of crisis when you can demonstrate all of the skills you've acquired over time. The technological tools that you handle, the training you have, the strategic plan you have developed will become the strength that will differentiate it from the rest.
As we have seen, this crisis has significantly affected the real estate sector, however, is also presented with new challenges and new opportunities to implement our strategies or to continue to learn in order to overcome situations of this magnitude, and come out victorious.
If you want real estate consulting to be able to capitalize on the opportunities that we will leave the impact of the coronavirus on the real estate sector, please send us a message through our website or in any of our networks. We have an opportunity for you!