Real estate experts across the globe are confident in the residential property market, despite the current challenges it faces as a result of the coronavirus pandemic, according to a sentiment survey conducted by estate agency Savills.
With lockdowns now easing across a number of markets, listings, viewings, and sales are resuming, and the general sentiment across survey respondents is that things are looking positive—though the market has yet to fully recover, and pricing conflicts may emerge, Tuesday’s survey said.
The survey was conducted between May 27 and June 2, and 41 responses came from markets within countries including: Australia, Bahrain, China, Croatia, England, France, Portugal, South Africa, Thailand and the United Arab Emirates.
A total of 78% of respondents said that “most or almost all” of the buyers in their regions are still looking for a new home, and 90% said sellers are still planning to part with their property. “This sustained level of interest from both buyers and vendors bodes well for the resumption of transactions as restrictions continue to ease,” Savills said in the report.
Just 10% of respondents reported an increase in new buyers compared to the same time