Health emergency in London: the recovery of prices
As you have noticed, in our latest articles, we have decided to focus on the Coronavirus emergency. Obviously combined with the dynamics related to real estate.
Today we decided to analyze the situation in the English capital. As you know, before and after Brexit, worries in London and on the whole national territory were certainly not lacking. These are balances that have been completely disrupted and that are currently also altering real estate again. Let's see how.
After the December elections, in fact, the prices of luxury homes in London have increased by 2%. But currently, the market is totally blocked.
The Coronavirus emergency has also taken root in London, literally stifling the recovery of the real estate market. After the victory of the conservatives, represented by Boris Johnson, Brexit seemed, according to many, to the solution to many problems. A strong patriotism, which, however, currently seems to have further aggravated the economic and real estate situation.
Assuming that there is no lack of critical issues, it should be noted that, with the closure of non-essential activities, the inability to sign both lease contracts, but also to buy, is around the corner.
So how can real estate play an essential role in the economic recovery? To answer this question, it is necessary to analyze the impact that the virus will have both globally and also nationally. To what extent, people will decide to invest in real estate equally, considering real estate investments a real refuge, to protect their finances.
But, you know. The psychological impact is fundamental in our sector, and without a shadow of a doubt, currently, interest in real estate seems to be secondary. Sales negotiations in this climate are therefore impossible.
But how will the situation evolve?
To give a fairly detailed explanation, contribute the research brought by the main economists and experts in the sector.
It seems - they say - almost inevitable that there will be a real period of arrest. Especially in the spring, but which will last throughout the summer. Only in the autumn can there be a clearly defined margin of action, which can best explain both the size of the crisis, but also how it has changed the national and real estate markets.
Unfortunately, the health emergency has frozen both the current market but also possible long-term forecasts. But the experts, continuing their analysis, still seem optimistic. Again as regards the real estate market, the greatest risks seem to be related to the short term. So a rapid recovery is expected at the end of this dramatic situation.
While waiting to find out more about the evolution of real estate in London, in parallel with that of other countries in the world, we invite you to stay up to date on our Realigro portal!
Today we decided to analyze the situation in the English capital. As you know, before and after Brexit, worries in London and on the whole national territory were certainly not lacking. These are balances that have been completely disrupted and that are currently also altering real estate again. Let's see how.
After the December elections, in fact, the prices of luxury homes in London have increased by 2%. But currently, the market is totally blocked.
The Coronavirus emergency has also taken root in London, literally stifling the recovery of the real estate market. After the victory of the conservatives, represented by Boris Johnson, Brexit seemed, according to many, to the solution to many problems. A strong patriotism, which, however, currently seems to have further aggravated the economic and real estate situation.
Assuming that there is no lack of critical issues, it should be noted that, with the closure of non-essential activities, the inability to sign both lease contracts, but also to buy, is around the corner.
So how can real estate play an essential role in the economic recovery? To answer this question, it is necessary to analyze the impact that the virus will have both globally and also nationally. To what extent, people will decide to invest in real estate equally, considering real estate investments a real refuge, to protect their finances.
But, you know. The psychological impact is fundamental in our sector, and without a shadow of a doubt, currently, interest in real estate seems to be secondary. Sales negotiations in this climate are therefore impossible.
But how will the situation evolve?
To give a fairly detailed explanation, contribute the research brought by the main economists and experts in the sector.
It seems - they say - almost inevitable that there will be a real period of arrest. Especially in the spring, but which will last throughout the summer. Only in the autumn can there be a clearly defined margin of action, which can best explain both the size of the crisis, but also how it has changed the national and real estate markets.
Unfortunately, the health emergency has frozen both the current market but also possible long-term forecasts. But the experts, continuing their analysis, still seem optimistic. Again as regards the real estate market, the greatest risks seem to be related to the short term. So a rapid recovery is expected at the end of this dramatic situation.
While waiting to find out more about the evolution of real estate in London, in parallel with that of other countries in the world, we invite you to stay up to date on our Realigro portal!
