The impact of corona virus on real estate market in Spain

VALENCIA. The crisis caused by the coronavirus has hit the economy hard. And, in this context, the real estate market has also suffered an important impact: brake in the buying and selling of housing and transactions in the air in segments such as offices or retail. Spain, and Valencia in particular, had positioned itself in the spotlight of international investors who now have a stand by any type of movement. Uncertainty is looming over a sector that in recent years has experienced significant dynamism, with a significant weight in the growth of Spain.

However, the experts are clear: the professionalization and muscle of the real estate market will allow a recovery in the medium term, although there will be segments that will suffer more than others. Some short-term price adjustments due to the contraction in demand, a drop in rent and the boost to the logistics business are some of the forecasts that experts are predicting in the real estate market. Although uncertainty is the general tone, although with a glimmer of hope.

A totally different scenario to the crisis of 2008, due to the consolidation of the banking sector and the learning of the last years with more responsible, solid and sustainable companies. Valencia Plaza talks to seven experts to draw the possible post-Coronavirus horizon and find out how this situation will impact the real estate sector.

The impact of corona virus on real estate market in Spain