Major changes in the real estate sector in the aftermath of the pandemic

After a year marked by the coronavirus pandemic, at WeRelocate BCN we would like to give you a summary of the main changes that have taken place in the real estate sector during this time.

Major changes in the real estate sector in the aftermath of the pandemic

After a year marked by the coronavirus pandemic, at WeRelocate BCN we would like to give you a summary of the main changes that have taken place in the real estate sector during this time.

Improved digitalisation

While the real estate sector has been committed to new technologies to improve procedures and customer service, after this pandemic year this digitalisation process has accelerated, with the aim of reducing the number of face-to-face visits.
Nowadays, online shopping has gained in importance by way of virtual visits and tours that are now available, as well as the improvement in other procedures and formalities, such as digital signatures, the use of chatbots, and an improvement in the management of online mortgages.
This digitalisation has also changed the new work processes for real estate agencies, improving online customer service and providing customers with all the necessary prior information.

New trends in home buying

Once the confinement was over, many people realised the importance of outdoor space in the home, such as gardens and terraces. This has led to the need to renovate or look for homes with these features, and buyers are now looking for larger homes with three or four bedrooms.
Also, thanks to the introduction of teleworking, there has been an increase in the number of home purchases outside the cities.

Rising new-build prices and falling rental prices

As indicated by the Spanish Association of Value Analysis, the prices of new-build homes are set to rise significantly during 2021, an increase caused by growing demand. For its part, renting is experiencing a progressive decrease in prices, which, although not the same throughout all of Spain, is quite notable in large cities.

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