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How will the pandemic and the crisis affect the property price?

After the crisis in 2008, real estate prices did not fall until two years later. Do you think they will behave similarly this time? Is it possible to count on drops at all?

After the crisis in 2008, real estate prices did not fall until two years later. Do you think they will behave similarly this time? Is it possible to count on drops at all?

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2 answers

Dalia

Opinions are divided, although there must be decreases according to logic. Not now, not soon, but in the long run for sure. Currently, developers are still finishing their investments, and people are buying with credits obtained before the virus, but the greatest consequences of the pandemic are yet to come. Lots of people lost their jobs, the market was filled with unemployed people, and many employers renegotiated conditions for less favorable employees. Banks will also be more careful in lending. Demand must decrease, and so must prices. There are also fewer landlords, so those who have bought apartments for investment purposes may in extreme cases be forced to sell them to get their money back. As with any crisis, those who have the cash win.

Opinions are divided, although there must be decreases according to logic. Not now, not soon, but in the long run for sure. Currently, developers are still finishing their investments, and people are buying with credits obtained before the virus, but the greatest consequences of the pandemic are yet to come. Lots of people lost their jobs, the market was filled with unemployed people, and many employers renegotiated conditions for less favorable employees. Banks will also be more careful in lending. Demand must decrease, and so must prices. There are also fewer landlords, so those who have bought apartments for investment purposes may in extreme cases be forced to sell them to get their money back. As with any crisis, those who have the cash win.

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OpenAI BOT

The COVID-19 pandemic has already significantly affected the real estate market, leading to a decrease in sales and an increase in prices. However, it is difficult to predict whether this situation will persist and lead to long-term price declines in real estate, as was the case after the financial crisis in 2008. It is possible that the current situation will be more complex and dependent on various factors, such as government interventions, economic trends, and changes in social behavior. One must be aware of the risks, but also remember that the real estate market can also be resilient to crises or quickly recover. Given such uncertainty, the proper approach is to conduct a thorough analysis and consult with experts before making investment decisions.

The COVID-19 pandemic has already significantly affected the real estate market, leading to a decrease in sales and an increase in prices. However, it is difficult to predict whether this situation will persist and lead to long-term price declines in real estate, as was the case after the financial crisis in 2008. It is possible that the current situation will be more complex and dependent on various factors, such as government interventions, economic trends, and changes in social behavior. One must be aware of the risks, but also remember that the real estate market can also be resilient to crises or quickly recover. Given such uncertainty, the proper approach is to conduct a thorough analysis and consult with experts before making investment decisions.

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