Real estate market slowdowns: these are the areas most affected
The real estate market, as we know, is extremely varied and dependent on a multiplicity of variables. We can define it as a single sector but at the same time, it allows us to understand what the problems of society are and what the factors that could potentially prove to be winners are.
But currently, between the global crisis and changes in investor needs, it is not so easy to juggle in the real estate market, with confidence at the time of purchase.
Which is why, we at Realigro, have decided to analyze in detail the economic and social aspects that most influence the sector, trying to understand which areas are the most desired and convenient and which are in deficit.
First of all we must point out that one of the factors that determines (in a negative way) a non-choice or worse, a risky choice, is stress: prices in some cities collapse or rise in periods of time so narrow that the same investor fails to fully understand the real reasons.
The markets in which prices are falling are those of the large coastal realities, where buyers have saturated the sector. The smaller places, on the other hand, are increasingly being targeted by future investors, but we are talking about a rich market target with special and specific requests. Furthermore, it is worth underlining how many areas previously not taken into consideration by the demand side, thanks to the real estate bubble that instead has incorporated decidedly more important and world-famous realities (such as Las Vegas), have been reborn and have gained interest and investments of new buyers.
The other element that influences market choices, is given by a single word but that now dominates the international real estate scene: Millennials. It is precisely the young people who have created a slowdown in the entire real estate market, especially in terms of price and value assigned to the properties. The presence of buyers without any particular capital constraints, nor resources such as to be able to afford a property of a certain level, has meant that the real estate market adapts to a more restricted demand, devaluing the properties present in the square or, worse still, increasing the "unsold" period of a property.
Finally, to identify the markets in which the real estate relaunch is increasing and in which it is decreasing, we have selected as many as 200 metropolitan areas in the period from July 2018 to May 2019. Well, the situation appears to be mixed in territorial terms. But the common element in all these sample areas is given by a single factor: time.
The speed of modification of the characteristics both of the properties requested, but above all of the prices of the same, has been and still is impressive. Which is why, we advise our readers to opt for a choice that is at the same time thoughtful, but dynamic at the same time, in order to not be able to miss an 'opportunity that could be unique and unrepeatable!
But currently, between the global crisis and changes in investor needs, it is not so easy to juggle in the real estate market, with confidence at the time of purchase.
Which is why, we at Realigro, have decided to analyze in detail the economic and social aspects that most influence the sector, trying to understand which areas are the most desired and convenient and which are in deficit.
First of all we must point out that one of the factors that determines (in a negative way) a non-choice or worse, a risky choice, is stress: prices in some cities collapse or rise in periods of time so narrow that the same investor fails to fully understand the real reasons.
The markets in which prices are falling are those of the large coastal realities, where buyers have saturated the sector. The smaller places, on the other hand, are increasingly being targeted by future investors, but we are talking about a rich market target with special and specific requests. Furthermore, it is worth underlining how many areas previously not taken into consideration by the demand side, thanks to the real estate bubble that instead has incorporated decidedly more important and world-famous realities (such as Las Vegas), have been reborn and have gained interest and investments of new buyers.
The other element that influences market choices, is given by a single word but that now dominates the international real estate scene: Millennials. It is precisely the young people who have created a slowdown in the entire real estate market, especially in terms of price and value assigned to the properties. The presence of buyers without any particular capital constraints, nor resources such as to be able to afford a property of a certain level, has meant that the real estate market adapts to a more restricted demand, devaluing the properties present in the square or, worse still, increasing the "unsold" period of a property.
Finally, to identify the markets in which the real estate relaunch is increasing and in which it is decreasing, we have selected as many as 200 metropolitan areas in the period from July 2018 to May 2019. Well, the situation appears to be mixed in territorial terms. But the common element in all these sample areas is given by a single factor: time.
The speed of modification of the characteristics both of the properties requested, but above all of the prices of the same, has been and still is impressive. Which is why, we advise our readers to opt for a choice that is at the same time thoughtful, but dynamic at the same time, in order to not be able to miss an 'opportunity that could be unique and unrepeatable!
