Market 360º S1 2020
The Report Market 360º S1 2020 reviews the performance of real estate, office, retail, investment, development, residential and hotel markets in the first half of 2020.
The year kicked off to an extraordinary start for the commercial real estate investment, where 1,480 million euros were transacted in the first quarter, almost three times more than the same period of the previous year. Towards the end of the quarter, the market was surprised by an unprecedented situation of a global pandemic, which would have an unpredictable impact on the 2nd quarter, where around 90 million euros were transacted. The first semester thus totalled around 1.570 million euros.
The Hotel and Retail sectors were the most penalized markets during the lockdown imposed by the pandemic, given the halt in air traffic and the forced closing of stores and restaurants.
The acceptance and widespread use of remote work will result in greater attention to the quality of spaces within the office and, above all, social and collaboration areas, with an increasing adherence to flexible working areas too. This reflects a major transformation in the sector, which will have long-term implications and which, in addition to a reorganization in the office layouts, may also bring a decrease in the occupied area.
In the residential market, towards the end of the semester, a recovery may already be observed, mainly visible in the increased interest and demand for a home, but also in transactions.