After putting a challenging year behind us, it is time to focus on the trends and challenges of the year ahead. Covid-19 severely restricted international travel and consequently, cross-border investments shifted towards domestic markets, and local investments are likely to take overhand in 2021.
Measures such as social distancing and lockdown changed how we socialize, how we live, and thus how we reside. The impact on the residential real estate market is multiple, with psychological effects re-shaping our needs when it comes to choosing a home.
Purely destructive or creating new opportunities? Despite its reputation as a safe and smart investment, even the real estate industry takes a big hit from the pandemic.
Finding the optimal location still is the golden rule in real estate, but priorities need to be reviewed, and customer satisfaction belongs amongst the very top. Will customer experience and digital services become the new location?
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