Coronavirus begins to impact housing market
The number of homes offered for sale has fallen by 25% since the start of the coronavirus crisis, the Financial Dagblad said. Viewings are still taking place, but for no more than two people at a time, while some estate agents are using their mobile phones to show potential clients a property instead.
Nevertheless, real estate agents are mentioning that buyers are still placing higher bids on property than the asking price.
With the fear of being infected and the current travel restrictions, we are noticing that the developments in way of working in the rental market are changing rapidly as well. Internationals would like to move in as quick as possible in their permanent housing and avoid the often costly temporary housing. Instead of a live house viewing they choose for a digital viewing. This way the international is able to act quickly and move when possible, straight from country of origin to their new permanent housing.
We would like to inform you as well that in the current situation some realtors may choose during viewings to stay outside and just open the door and let the transferee in to see the house for him or herself. In the situation that there is still a tenant in the house, it could be that it won’t be possible to visit the house, but only when the house is empty.
Some realtors report that the fear of the coronavirus was not reflected in the number of viewings last month nor the amount of rental properties offered.
The relocation team of Expat Management Group ensures that viewings can take place and asists its expats as best as possible during these times.
- 1 April 2020
- Posted by: Expat Management Group
- Category: Insights