As lockdowns ease across the globe, people are emerging into a new normal. Businesses are reopening and market activity across almost all sectors is resuming. Real estate is no exception: the loosening of lockdown means that listings, viewings, and sales can once again take place.
Researchers have carried out a sentiment survey of the global residential network to assess how COVID-19 is changing the residential property market as restrictions lift and what the future trends might be.
In a promising result for property markets globally, 78% of respondents said that most or almost all of the buyers in the areas they cover are still looking for a new property.
Similarly, the majority of vendors across over 90% of markets surveyed are still planning to sell their properties. This sustained level of interest from both buyers and vendors bodes well for the resumption of transactions as restrictions continue to ease.