Covid-19 brings a big disaster in the real estate industry. The increase in city centre rental properties and continuous drop of the price of real estate properties in rural and suburban areas. Luckily, covid19 did not negatively affect some areas.
Many real estate investors are worry about their investment in properties due to the severe economic fall. It is impossible to predict and track the trends of real estate market.
Many companies have shift their work from office to the remote due to the Covid situation. According to the studies, many employees are more productive at work while working at home. After the vaccination rates increased many companies are planning to return the employees to the office.
Investors in commercial Pattaya Real Estate post Pandemic should pay attention to the shift in desirable locations, especially in the case of office properties. Many professionals have fled urban centers for the suburbs as a result. There is a possibility that many of these professionals will not return to the city despite recent developments. In suburban and exurban areas, there is an increased potential for office property investment.
Multiple aspects of commercial real estate were adversely affected by the pandemic. There has been a decrease in demand worldwide for several types of commercial real estate, including office space, retail space, and hotel space. Since commercial real estate sales have been in decline, owners have not been able to expect to get as much for their Pattaya Real Estate post Pandemic as they had hoped. Consequently, borrowers may have lower credit ratings and lenders may have lower revenues. Data centers, cell towers, industrial, and healthcare properties also experienced price and demand increases during the same period.
Residential real estate property
Due to the pandemic, the residential real estate market experienced a boom. People decided they would need a bigger space at home to complete schoolwork and work if they were going to be immured at home during the pandemic. Professionals have been moving out to the suburbs for many years as their workplaces have moved toward online work and away from in-person attendance.
In the wake of the recent pandemic, rental rates are beginning to rise in urban areas, which may make now the right time to invest in properties of this nature.