Most people from around the world have been locked down for a very long time or are still on lockdown inside their house or apartment. This pandemic isn’t just changing the way we feel about our homes but it has a huge impact on property markets around the world, as well.
It is fairly clear that with business failures, job uncertainty, massive unemployment, and wage cuts, many people will be cautious about making investments amidst the recent outbreak and the recession.
In most historic recessions, financial experts prove that the property market has either remained largely resilient or was only impacted across certain real estate sectors. But once cities and states reopen, that would be a reasonable time to think about buying a real estate property.