It was previously believed that in spring the demand for housing will be the most significant for many years, which should have been promoted by low interest rates, the already high activity of potential buyers and an increase in the share of "millennials" who have reached the age when it is time to acquire your own roof over your head.
The Republic of Serbia is one of the countries of the Balkan Peninsula that attracts potential investors. The point is not only in a pleasant climate, fertile soil and the prospect of tourism development but also in the fact that in the Balkans only Serbia at the legislative level introduced duty-free trade with the countries of the Eurasian Customs Union.
According to Investment Migration Insider, in order to get the Italian residency documents, investors now need to invest as little as €250,000 in an Italian startup or €500,000 in a company from this country.
The extent to which prices for Latvian residential property will depend on the economic situation, The Baltic Course writes.
A reduction in GDP and economic activity will result in lower real estate prices in Latvia in 2020.
At the end of last year, economists predicted that 2020 would be very good for the housing market. However, coronavirus has then cropped up, and the demand for real estate has decreased sharply, with this trend being likely to linger on for more than one month.
Quarantine measures taken in almost all countries of the world are gradually being canceled. Life is back on track; it also applies to real estate markets. In this article, experts from Spain, Italy, Austria, and Turkey share relevant information on the current situation.
Situation in Italy
The expert from Italy reports that pending demand visible after quarantine.
The expert from Spain says that the seller can give a 25% discount.
During the two-month quarantine, there was a great demand for commercial facilities. In general, throughout this period we observed vivid interest in the current situation. People were interested in discounts, were tracking a propitious moment for investment.
Our Turkish expert claims that due to the fall of the lira, the secondary market has slipped in price.
Tourists missed Turkey. But they will come here only when the borders will be opened on both sides. In general, there are already concessions in the country, for example, most are free to walk.
The expert from Austria reports that the market did not experience significant shocks.
A strict quarantine has been in force in the country, since March 15. Everyone was sitting at home, everything was closed, except for grocery and drugstores. The restoration began, on April 15. Highly specialized shops were opened, and restaurants started to work from May 15. However, so far everyone is wearing masks and required to maintain a distance.
The need to work from home which is faced by millions of Americans during the epidemic can strike a blow at the office rental sector that would be as powerful as the one received by shopping malls from the growing popularity of e-commerce. In these circumstances, the companies can accelerate the process of moving into less spacious premises which has been observed for a decade and caused leasing of offices to bring less profit than of other types of real estate.