Covid Impacts from the Real Estate Sectors
The global upheaval ushered in by the Covid-19 pandemic is causing severe stress in many industries and economic sectors, but real estate continues to attract new investors thanks to its broadly favorable long-term prospects relative to other investment asset classes.
This is also true of the Netherlands. Even in this time of crisis, Dutch house prices are still rising: driven by low-interest rates a major housing shortage. more and more properties are transferred into new homes, therefore, remains a key priority for the government and the market.
The Healthcare Market
The healthcare market correlates only marginally with economic cycles and is mainly driven by the long-term structural aging profile of the population.
However, if the health crisis and the economic downturn are more prolonged, healthcare institutions may focus on their core activities, and postpone additional investments or expansion moves, at least in the near to medium term.
The Hospitality Sector
In the hotel market, and the hospitality sector in general, the signals have gone from green to red for many operators, but we expect the sector to eventually rebound when people are allowed to resume normal leisure activities and (international) tourism flows return to relatively normal levels.
On the Office Market
we believe working from home will have less impact in the longer term than is being suggested in the media.
Most office workers miss personal contact with their colleagues and we expect offices to retain their social function, especially those that provide multifunctional meeting spaces in easily accessible locations.
The Retail Market
Convenience food stores remain a very stable investment and have been posting record sales since the onset of the pandemic. Fashion stores in the main high streets, cafes, restaurants, and hotels are currently being hit the hardest.
However, post-Covid-19 we expect consumers will once again crave social ‘experience’ and those establishments that cater to this segment will benefit. Experience-led retail has become a major market trend in recent years and is eventually expected to revive, although online competition will remain strong.
但是，在 Covid-19 之后，我们预计消费者将再次渴望社交“体验”和那些迎合到这一细分市场将受益。以体验为主导的零售已成为近年来的主要市场趋势，并有望最终复苏，但在线竞争仍将保持强劲。
Logistics is emerging from the Covid-19 crisis as one of the most resilient asset classes in the real estate universe, alongside residential and healthcare, due to the boom in e-commerce during lockdowns.
The global economic recession and decline in international trade volumes triggered by the pandemic have clearly increased the risk of corporate bankruptcies among occupiers of warehouses.
However, these risks are largely being offset by the high e-commerce demand. The logistics real estate market is currently experiencing historically low vacancy levels, and there are few signs this will change in the longer term.
由于封锁期间电子商务的蓬勃发展，物流正在摆脱 Covid-19 危机，成为房地产领域中最具弹性的资产类别之一，与住宅和医疗保健并驾齐驱。
Will the real estate market will recover after the current period of volatility and uncertainty? Follow up to find out more…
sources from bouwinvest