Impact of covid19 real estate

Coronavirus Impact : Immobilier / Real Estate

Coronavirus Impact : Immobilier / Real Estate

Dear customers, partners and collaborators, first of all I hope that everyone is well. I have prepared a selection of articles and videos (YouTube playlist) for you on the impact of Covid19 on our market and our profession. I invite you to consult them to form your own opinion. Confinement results in business being shut down. This makes it very difficult to anticipate market developments for many reasons. The economy is and will be impacted, therefore real estate should remain a strong value, even a refuge. The Parisian's article talks about a possible drop in prices in Paris and IDF. Real estate groups are cautious about their future. The length of confinement will be a major variable, the government announces two weeks each time, but sources say it is 6 weeks. Possible scenarios: evolution of property prices in V, L or W. International: Real estate prices from Manhattan to New York would have dropped 10% in no time. There are opportunities for buyers, before a possible recovery or recovery, because those who sell their property on the market after containment probably want to negotiate and recover cash. Our opinion: things are uncertain but don't panic, real estate in troubled times remains a tangible and solid value.

Please stay at home, take good care of yourself and your loved ones and above all be well! See you soon to conduct our business well after confinement!

Please accept, my most sincere greetings. Sincerely yours, Sylvain Serge Talvan - www.TALVANS.COM - Paris Real Estate Agency