The Coronavirus forced us on the one hand to rethink the organization of the home in order to meet the needs of the whole family (space for smart working, for physical activity, for lessons and children’s tasks) on the other a reflect on the future: is real estate an asset you should still invest in? According to an article by Il Sole 24 Ore, the answer is yes, as long as you focus on “quality” homes. Here are the scenarios that lie ahead.
Big enough houses but in the city
According to the data of the latest Nomisma Observatory, the economic crisis generated by the health emergency could lead to a reduction in property sales that goes from 40 thousand to 110 thousand less sales, with a consequent drop in prices between 1 and 3% approximately in the 2020-2021 period.
But the value will remain unchanged for homes that meet certain requirements, first of all that of square footage because, as explained by Mario Breglia, president of Scenari Immobiliari, in this lockdown phase it became clear to many that a very small home is not comfortable. This will translate into a change in demand which however will not lead to favoring the province over the city: urban areas will remain more in demand, although we will probably see a revaluation of peripheral areas compared to central ones.
Which elements to focus on for a good investment
According to experts, in the short term, the segment of excessively small or not well-built houses will suffer, in which, for example, not enough light enters or the systems do not withstand greater consumption. Among the defects that could lower the value of a property there are the non-soundproof walls and the lack of an outdoor space, whether it is a balcony or a garden, including a condominium garden: and in this context, the internal courtyard of the railing houses will be particularly appreciated, in line with the trend that was prevailing even before the Covid-19 emergency.