Wednesday 23 February 2022

How the COVID-19 crisis impacts the real estate sector

 The COVID-19 pandemic took everyone by surprise. Several market segments globally are suffering from the crisis, but since 2019, the real estate sector has been facing a decline that this year 2020 proved to be quite persistent.

 Even with the United State GDP closing the year with a small increase, the beginning of 2020 was marked by a low demand from real estate companies that expected a rise over the months. Despite this streak of bad luck, according to an expert, after the end of the pandemic, one of the pioneering sectors responsible for rebuilding United State's economy will be real estate, with a growing increase.

 While this scenario does not occur, real estate companies had to adapt to the context of social isolation. The more traditional ones that dealt with closing deals personally with clients had to be very creative and innovate in their approaches.

 As a strategy for selling real estate online, there was the creation of digital catalogs and the virtual launch of projects, which energized and made it possible for customers to visit the place without leaving the safety of their homes.

 This new way of selling promises to be a big bet even after the end of the isolation as it allowed the range of sales to increase and there was no change in the goals and earnings of the companies.

 

Posted by: John Labunski Dallas

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