We are currently going through one of the most significant historical changes ever experienced in the last 100 years. The recent COVID-19 pandemic has proved to be a game-changer for the majority of us. This unexpected and adverse shift in habits and mindset has impacted the economies heavily. It has changed the way we behave and perceive things. However, we are experiencing a new world altogether. Many have taken a bad hit. But in some cases, the results are exponentially positive, including real estate. Further, here’s a list of new trends that may emerge the real estate in the post-COVID-19. Let’s have a look at these predictions that might occur shortly…
The current COVID-19 pandemic has forced millions of employees to work from home. The work from home trend will continue further and adoption for tools helping in it will experience exponential growth. In addition to the normal rooms, the developers are expected to come up with home offices that have the required digital connectivity (as social distancing is the new norm to follow).
As people are preferring to maintain social distances, the concept of six feet is gaining popularity across the entire globe. According to the new guidelines announced by the Government concerning the commercial sector, the offices need to ensure that no employee is closer than six feet from one another. Keeping these guidelines in mind, our future offices are likely to be structured in a manner so that the workstations are placed six feet apart from each other.
With Covid-19 a majority of respondents are favoring risk-free investments like real estate. As physical assets render the highest sense of security especially during exigencies such as Covid-19 or when stock markets plummet to new lows and financial markets witness turmoil. In the future, individual houses, preferably with a balcony or a terrace, are expected to gain prominence. More than an escape from the urban routine chaos, independent houses tend to offer a retreat from viruses and infection. Thus, in a scenario, where it is necessary to reduce contact with everything, the coming years would witness an increased fondness for low-rise buildings or independent residences.
Similarly, instead of open plans that have been the primary trend in the interiors since the last few years, the developers would rather opt for a closed scheme with enough space for separate activities shortly. A closed layout makes the area much more functional and separates the entire house into distinct private areas. In addition to this, the upcoming residential spaces might witness the creation of a compulsory separate entrance where you can remove your shoes without bringing them inside the premises.
The outburst of COVID-19 has immensely impacted the way we live or intersect, where we have been forced to adopt new and smart business models. Thus, recognizing some of the trends mentioned above and taking timely action will help individuals and real estate domains gain an advantage in this world of disruption.