• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

PRESSLED

Your Leading News Source

PRESSLED
Your Leading News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • US
  • Meet the Reporters
  • About/Contact

Benjamin Gordon Cambridge Capital: Predictions About Real Estate Post COVID-19

May 14, 2021 by Staff Reporter

It has been a little over one year since the fight with the pandemic is going on worldwide. With stimulus packages and rapid vaccination drives, there is a sense of relief. However, it has massively impacted multiple areas of human lives, right from the shift to work-from-home culture to lifestyle choices to the way people invest in properties. The virus outbreak has left a deep mark on offices, rental properties, outdoor spaces, and homes, making everyone wonder what the real estate will look like once the coronavirus scare ends. Here is a quick glimpse into distinct possibilities to help you stay posted with future trends.

Real Estate Trends to Follow After COVID-19 By Benjamin Gordon Cambridge Capital

Multi-purpose homes

While home offices may not be so much in demand after the pandemic, people would still want their homes to play multiple roles. For example, some homeowners may decide to exercise at home than visiting a gym for safety reasons. As a result, home fitness equipment can sell more, and home gyms or fitness studios can become a standard feature. Plus, there can be growing interest in recreational spaces, such as liquor corners, minibars, and fun rooms. Since all these offer indoor entertainment reducing the need for contact with the outside world, you can expect these to happen.

Outdoor expansion plans

Lockdowns and quarantine rules compelled people to spend most of their time at home. Such situations have sparked a need for the expansion of outdoor spaces. After the pandemic, the regular activities will return outside the home. However, this trend might also continue, as per Benjamin Gordon Cambridge Capital. The reason behind this can be the development of a new habit of staying at home and enjoying time. Even after jabbing, some people may still want to remain cooped up for a while due to fear. 

The impact of this can be visible on how people rent or buy properties. They can be more willing to spend on outdoor features like pools, gazebos, and cabanas. These places allow them to chill out without leaving the safety of their homes.

Second homes

The year 2020 almost clamped down traveling. 2021 also does not indicate sudden improvement in this. People are still wary of visiting public spaces, including hotels and bed-and-breakfast accommodations. That is why many are considering a second home, so they can travel safely with family and friends. Some may wonder whether this will continue once the coronavirus fear goes away. Experts believe it will, for the simple cause, that Airbnb and other lodging facilities will become enormously profitable with improvement in travel after vaccination. The property owners and investors would be ready to milk money through rental income. 

Technology 

Everyone was already discussing the need to expand technology’s footprint across industries and human lives. While the process was steady but slow, coronavirus emergency hastened its role. Real estate agents also had to adopt creative marketing strategies to get buyers in the pandemic. It led to the widespread use of virtual open houses, online home inspections, and remote closings. While it can continue even after the pandemic, you can still expect physical open houses and in-person viewings to make a comeback. After all, homebuyers cannot get a real sense of surroundings and other critical factors without being there on the site.

Adapting to COVID-led changes in the housing market is necessary if you desire to have a bright future. So, keep updating your knowledge about the housing market to strengthen your investments. 

Related

Originally Appeared On: https://morningsidemaryland.com/benjamin-gordon-cambridge-capital-predictions-about-real-estate-post-covid-19/

Filed Under: MONEY, REAL ESTATE

Primary Sidebar

More to See

Former Georgia Tech Kicker Harrison Butker Sends Kansas City To The Super Bowl

Harrison Butker is going to be playing for another Super Bowl with the Kansas City Chiefs.Butker nailed the game-winning field goal to send the Chiefs … [Read More...] about Former Georgia Tech Kicker Harrison Butker Sends Kansas City To The Super Bowl

Stock Market Opening News Today

Sensex, Nifty Open: आज अडानी ग्रुप शेयरों में बिकवाली जारी है. वहीं बैंक और फाइनेंशियल सेक्‍टर के हैवीवेट शेयरों ने भी बाजार को कमजोर किया है. Sensex, … [Read More...] about Stock Market Opening News Today

Henry Bott Now President of Swire Properties US

One of Hong Kong’s best known conglomerates leads this week’s set of personnel updates on Mingtiandi as Hong Kong’s John Swire and Sons announces new … [Read More...] about Henry Bott Now President of Swire Properties US

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2023 · PRESSLED · As Amazon Associates we earn commissions from qualifying purchases · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT