In Europe, a majority of 75% of real estate professionals expect positive performance of real estate to return in 12 months.
That is the combined verdict of over 840 people so far who have responded to PropertyEU/NL Market Barometer in the face of the coronavirus pandemic.
Key findings to date include that over 90% of professionals across Europe have currently switched to working from home.
The majority also says Covid-19 has made their day-to-day tasks and responsibilities more challenging, rating it as a ‘7’ on a scale of 1-10 (10 being incredibly challenging).
Less than 1% of people are ‘extremely confident’ in the positive performance of real estate in 3 months, just 1% in 6 months’ time, only 6% for 12 months’ time, and 21% in +12 months.PropertyEU/NL Market Barometer
When asked how concerned they are about the impact upon their jobs and/or firm, they rate it a ‘7 out of 10’.
Though there has not (yet) been a complete halt to fresh investments or transactions, there has been a marked slowdown. The data show people rank t 4.5, with 0 being a complete shut down and 10 being completely normal activity…