It won’t be the same anymore: these houses look for buyers after the first wave

It is evident that, parallel to the epidemic, daily needs have changed, as have the search and purchase of housing. Not only did other aspects become important in the design and layout of the house, but there were also rearrangements in popular property types. In the choice between an apartment in the center and a family home abroad, more and more people are leaning towards the latter and are therefore willing to do so. A quarter of respondents from 44 countries would be more likely to move from their current home due to the epidemic, 40% of them would look for other residential properties but in the same neighborhood, and 26% would look for other residential properties somewhere in the world. country.

What is perhaps even more surprising is that 34% of those who wish to relocate would not necessarily stay in the country, due to their good quality of life, political stability, safe currency and excellent educational institutions when moving abroad in the UK , Spain, and France was the finalist. The only question is, what kind of home do home seekers want after the first wave of the epidemic?

Family house, more space and garden.

Not surprisingly, one of the top post-closing considerations is that homebuyers want more space, and about 45% of those surveyed say they would be more likely to buy a family home now than before the outbreak, but houses are facing the sea ​​(40%) and Country houses were also supported (37%). Demand for housing remained largely constant, with 52% of respondents saying their attitudes toward housing were unchanged.

It is also not surprising that 66% of respondents say that large gardens and outdoor spaces are more important, and the closure period also seems to have amplified aspects such as well-being, which means that the environment is conducive to the work and study. Related to this is the fact that the private sector also received more emphasis, but in more than 30 percent of home purchases, the ability to expand or house a family member in the immediate vicinity of residential property was also made it a priority.

Will the trip return?

The survey also looked at travel habits, not only because of the focus on tourism, but also because there are many homeowners whose bulk of their income comes from short-term rental homes. Respondents are relatively optimistic about travel, as more than a quarter have traveled abroad in the summer or left within a month of easing lockdown measures.

1037 Budapest, Csillagánizs utca 1

twenty flat 59 – 75 metertwo floor surface 59.9 – 92.9 M Ft	Delivery: 2020. Dec
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We have written several times in our previous articles that tourism experts generally expect a strong return from travel, saying that even if habits change, vacations and travel alone will not go away and may even be stronger in the future because of to the stifled demand.

In addition to vacationers leaving immediately, another 25% said they would travel within 1-3 months, 36% said they would start traveling again after about 3-12 months, and only 13% said they would wait at least 12 months before going abroad. . Based on this, approximately half of those surveyed would travel again after the closures, and a third would return half a year late, predicting a fast and relatively favorable rebound in terms of tourism after restrictions and the epidemic situation.

What prices do customers expect?

The survey also looked at the expectations of those who want to move. The majority of respondents (56%) expect residential property prices to fall over the next 12 months. At the same time, the report also draws attention to the fact that previous forecasts suggest that the decline in 2020, in 2021 may be replaced by rapid growth in the global residential real estate market. The Portfolio has previously asked national experts what they expect for the next period, about which we previously wrote here:

Finally, international respondents were also asked about the purchase of a possible second residential property, a vacation home, of which 56% of respondents who expect the price to fall in the next 12 months expect 27% say they are at higher risk after the epidemic. he would probably buy another property, even abroad. For two-thirds of them, the most important aspect would be how the government of that country handled the coronavirus epidemic. For this reason, the most popular countries in terms of “second home” are Germany, Austria, Greece, the United Arab Emirates, Singapore and New Zealand.

1133 Budapest, Pozsonyi ut 77-79

193 flat 50 – 105 metertwo floor surface 76.46 – 257.05 M Ft	Delivery: 2022 End of the year
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