Covid19: what is the outcome for sellers and buyers one year after the start of the pandemic?

Covid19: what is the outcome for sellers and buyers one year after the start of the pandemic?
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After a year marked by an unprecedented health crisis, Seloger interviewed sellers and buyers with real estate projects. Sellers would be more confident.
Buyers worried about the success of their real estate projects

The real estate market has experienced very strong fluctuations in 2020. After a sharp drop in transactions during the first lockdown, a very strong recovery took place in May 2020, before slowing down again in November and then picking up again in January 2021.
Also, the health crisis has increased the tension of the real estate market and the shortage of real estate that existed before the Covid-19 crisis, has worsened. Despite this, buyers' morale is resilient. 54 % of buyers believe that real estate remains a safe investment and 49% of those planning to buy a property believe that the health crisis will create new opportunities.
However, the tightening of mortgage conditions  and the deterioration in purchasing power linked to the economic consequences of the health crisis mean that 77 % of buyers do not have confidence that their project will be completed in the next 6 months.

Optimistic sellers
On the other hand, 60 % of owner-sellers are confident that their project will come to fruition and 56% think that it is the right time to carry it out. Although 38% of sellers are betting on a rise in house prices, more and more of them anticipate a decline in property prices. In
In February 2021, 27% of sellers were worried about a drop in prices compared to only 9% a year ago! There is therefore uncertainty about the future of the real estate market, which remains very attractive.

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Posted on 18/03/2021 by
Morgane PELLEN

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