Coronavirus: a guide for Realtors
The outbreak of COVID-19 and the nationwide lockdown in the country has adversely affected the real estate sector in Kerala, India. Already the real estate sector is crippled by the prevailing subdued demand and liquidity crisis. Here‘s a guide for realtors in these times of the Coronavirus pandemic from luxurykeralaflats.com, one of the best real estate websites in Kerala . It is predicted that the sales in the residential sector could fall by up to 35 per cent across seven major cities. The commercial (office and retail) real estate segment will also be hit drastically. The net office space leasing could fall by up to 30 per cent while the retail area absorption could fall by 64 per cent. For the realtors it means a bleak scenario for the time being but, this too will pass! The lockdown has brought to a stop site visits, discussions, documentation and closures. This means the real estate sector in Kerala will ma...