European real estate sector expects to recover from the current crisis in 12 months

The European real estate sector expects to recover its pulse in 12 months, with 75% of professionals anticipating that the real estate sector will recover to the levels it had before Covid-19.

“The European real estate sector expects to recover its pulse in 12 months, with 75% of professionals anticipating that the real estate sector will recover to the levels it had before Covid-19.

Three out of four professionals expect the sector to be at the same level as before the coronavirus crisis next year, according to a survey by Property EU based on surveys of 840 experts.

Despite the slowdown on a global scale, industry professionals say the breakdown has not been complete and that real estate investment is currently running at 45% of its usual capacity.

On the other hand, the results of this survey show that the main concerns with the real estate sector, once the health emergency is over, are centered on a potential global economic recession, the increase in unemployment and its effect on residential demand, postponement of transactions or liquidity. of companies in the sector, along with the impossibility of working to close new deals.”

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(Source Idealista News, handled by ASMIP)