MAJOR REAL ESTATE TRENDS TO PREVAIL IN 2021 The real estate industry has gone through a rough ride in the year 2021 due to an unprecedented pandemic. Even though 2020 was challenging, the real estate sector has the potential for overall growth in the economy. Naftali Horowitz is giving you a list of some trends in real estate that will prevail in 2021:
HOME BUYING FOR SELF-CONSUMPTION:
Due to the pandemic, there is an increasing tendency to move away from the populated and polluted city-centric areas to more affordable suburban locations.
BUILDER’S CONFIDENCE WILL DRIVE SALES:
Corporate developers who have a strong financial backing and brand equity will gain a higher market share.
WORKPLACE ALTERATIONS:
Business CEOs across the globe are already looking to minimize costs and real estate does become the first target with health-hygiene and social distancing norms.
FOREIGN THE INVESTMENT WILL NOT STOP:
Foreign investment continues to be buoyant on the rent yielding asset segment and even the lockdown didn’t stop foreign investors from investing in quality assets.
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