Effects of covid 19 on Real estate

Covid-19 had widespread repercussions across various industries, including the real estate markets. Preceding COVID-19, the basics of land were solid: rent action, adequate money, and high influence proportions. From the visuals, we can see that the housing price index dropped in the year 2020. This is caused by the effect of covid 19 on real estate. In all three states, the rental vacancy rate dropped in 2020.

In conclusion, the pandemic has affected the real estate industry. The market seems to revive after COVID-19 since demand has been muted due to low-income levels and a shift in perspective investors’ priorities. Businesses and people’s disposable incomes are projected to be cushioned by the government’s solid budgetary policies.

References

Farré, L., Fasani, F., & Mueller, H. (2018). Feeling useless: the effect of unemployment on mental health in the Great Recession. IZA Journal of Labor Economics, 7(1), 1-34.

Grusky, D. B., Western, B., & Wimer, C. (Eds.). (2011). The great Recession. Russell Sage Foundation.

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