Trends and challenges in the property market post COVID-19
At present, there are two challenges the real estate sector is facing: COVID-19 and climate emergency. In the financial side of the situation, the global health crisis has brought a few unprecedented obstacles to the property market. With post-pandemic trends, how will the industry rise from the challenges it is faced with? Image source: forbes.com Image source: forbes.com COVID-19 shocked commercial real estate and revealed their weaknesses, mentions Eugene Bernshtam. Malls and other commercial developments were caught off guard by health and safety measures required to prevent the spread of the virus. Hospitals were found to be at risk of exceeding their capacities and compromising flexibility for the current situation. As a result, reinventing real estate both physically and market-wise is the best way to move forward. Resilience will be a quality that must be prioritized in future developments. This will combat challenges brought by physical weaknesses of properties