Sociedad de Tasación: real estate recovery depends on confidence in safety

Sociedad de Tasación: real estate recovery depends on confidence in safety

Fernández-Aceituno explained, during a press conference, that it is fundamental for citizens to regain trust once the crisis is overcome in order to re-activate the sector’s pace, since «people will not go out and live a normal life until measures are taken».

Fernández-Aceituno assured that the first thing the real estate sector needs to do is boost that safety by implementing measures such as providing masks in shopping centres and offices, sanitiser gels in commercial areas and construction sites, accommodate guests in alternating rooms and, above all test the population massively.

On the other hand, the Sociedad de Tasación’s CEO recommended «being prepared for a recovery to occur faster than we expect». In April and May, a decrease in transactions all the way down to zero is expected, so that in June, July and August a slow recovery starts with housing sales, until December, when the regular monthly number of transactions should start again. He also remarked that prices will not change when the crisis finishes.

Regardless, the recovery will not take place at the same time in all regions. The same is true for the different segments within the sector. The logistic segment, for example, will be «one of those which will come out winning with this crisis due to the storage of essential and non-essential products», assumed Fernández-Aceytuno. And, on the other hand, the retail and hotel segments will be affected by less demand.

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