The new year has just begun, and it is important to know what the international real estate landscape looks like. Everyone knows by now that every economic sector has been targeted and affected by the Covid emergency. But the real estate sector has undergone the most significant change on the international scene. So, to kick off this new year in the best possible way, let’s look at the international landscape. To understand where and how best to invest. So if you’re ready, let’s get started!
Let’s start with the country that has been considered the epicentre of this devastating pandemic. China. How does this country present itself on the international scene?
According to statistics, house prices have risen since last August. This is a hopeful end to the year. Not least because the rise in prices goes hand in hand with an increase in actual sales in this country. The Covid effect in China has remained generally stable. It has not led to any major changes in the national landscape.
Spain was one of the countries in Europe most affected by the virus. The health emergency, combined with the collapse of hospitals, has left Spain defenceless. For this reason, many Erasmus students preferred not to leave. As a result, there was a considerable loss of income from rental contracts. It is therefore not surprising that the rental market has recorded a 64% increase in volumes compared to 2019.
And still, the situation does not seem to have changed, despite the aid issued by the government to deal with the pandemic and help tenants.
With its reputation as an economic powerhouse, Germany has also suffered a major setback. But also a real escalation in property prices. To counteract this, however, it should be remembered that Germany was the birthplace of the first 3D printed house. This is a clear sign that technology can bring beneficial innovations even in critical times.
Last but not least is the UK. For this reality, the loss was twofold. Both purely related to the Covid emergency, but also to the much-discussed exit from Europe. In general, the cost of living has risen in the UK, and it is increasingly difficult to invest. Or to become British citizens. Due to the considerable restrictions, it is going to be a very difficult year for all those who had hopes for this country.
Even the much vaunted luxury homes in the country have seen an exponential rise in prices. How will this all evolve? It is not known, but for the moment the UK is the state most in the balance.
The situation has therefore altered considerably. But we at Realigro hope that it will recover as soon as possible. In the meantime, stay updated on our portal. Every day there are many news that will allow you to know perfectly the international real estate panorama!
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