The simple answer is yes. However the two main questions are When, and How.
Although there is a global trend market, the real estate market behaves and will behave differently in each city, state, and country.
These trends are all different due to a variety of factors, and even though this pandemic has stopped us in our tracks, preparing and planning for the future of the real estate market could make a serious difference regarding the efficiency of our recovery as a global community. from
As Lucy Alexander (Staff writer at Robb Report in New York, recently wrote, after a brutal 2019, luxury real estate agents were expected 2020 to be their year, however we could not have been more wrong. I furthermore recommend reading her article:
“‘We’re in a State of Paralysis ’: Real Estate Markets Freeze Amid to Global Lockdown”
However, as in all crises, this pandemic can also become an opportunity for growth and innovation.
Another concern is whether the recovery we all so desire will occur as a V or U.
I am of the optimistic opinion that it will be in V. Without a doubt there will be business losses but, those who remain safe and isolated will want to return with spirit and recover from the losses (or lack of gains) as soon as possible.