What Awaits the Global Real Estate Market in 2022 Which is Affected by the Coronavirus Epidemic?

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With the Covid-19 pandemic and the rise of working from home, the global real estate market has been rocked by some devastating economic conditions. The global recovery after the pandemic accelerated the recovery in the real estate sector. However, uncertainty remains a major issue as rising and falling cases of Covid-19 threaten the return of new variants and movement restrictions.

It has been determined that people's preferences and criteria change after the pandemic is on the area where they live the most. This situation had a great impact on people's real estate preferences.

Olivier Kretz, from the Kertz family, one of the world's largest real estate companies, said in a statement: "People are looking for an empty apartment with a garden because they are suffering during the lockdown. Prices for large apartments without outdoor spaces have fallen or stabilized. Prices have increased for those with outdoor spaces,” he said, adding: “Currently, investors and wealthy families are demanding to invest, but they want to invest in a safe space. What could be better than real estate?”

Despite the erratic recovery, real estate investments hit an all-time high in the third quarter and are not expected to slow down at this time. Investors continue to diversify their portfolios.

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