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The price of apartments will drop 5-10% on average nationwide, with variations depending on the market / city, estimate the specialists in the real estate market. 40% of them believe that the volume of real estate transactions for all types of properties will decrease, as well as the rental price, according to a study on the impact of Covid-19 on the real estate market, carried out at a European level, according to Agerpres.
The real estate market will suffer falls in all segments, according to the study: the sale price, the price of rents, but also the volume of transactions.
In Romania, specialists estimate an average decrease of 5-10% in the sale price of apartments, with variations depending on the market / city.
On a European level, in the sales segment, more than 50% of real estate specialists estimate price drops of 5-10%. The exceptions are France, Finland, the Netherlands, the Czech Republic and Turkey, where a 2-5% increase in house prices is expected.
In the rental segment, worldwide, specialists predict a decrease in prices between 10 and 15%. At the same time, 70% of study participants report 10-20% declines in commercial property prices.
In Romania, 28% of specialists estimate declines in both rural and urban areas, according to a statement from RE / MAX, the author of the study.
Regarding the volume of transactions, specialists estimate a slight downward trend at the European level, with the exception of France, Poland, Bulgaria, where around 50% of participants expect increases in the housing segment.
At the local level, more than 40% of the participants estimate a decrease in the volume of real estate transactions for all types of properties.
Likewise, more than 65% of the study participants expect a decrease in the volume of transactions in the commercial segment, both in terms of sales and purchases. At the same time, more than 40% believe that the number of transactions in the investment property segment will decrease.
According to the results obtained, among the main reasons that determine the decrease in the volume of transactions are the high unemployment rate and general uncertainty, respectively, financial insecurity on the part of buyers.
The RE / MAX study was conducted on a sample of 2,130 senior brokers and agents from 27 European regions, with roughly equal participation of women and men, the majority between the ages of 30 and 45. Half of the study participants have at least three years of experience in RE / MAX agencies.
Publisher: BP
