Summer is Not Over Yet

If you are one of those who prepared in advance, then it is time to reap the benefits! And sorry, not the 'spreading your towel on the sand and enjoying the sun' type of perks, but work related ones!

Earlier this month, with the help of Diane from Keyes.com, we talked about how to sell beachfront property. We discussed the fact that it’s a dream for many people to own beachfront property because summer awakens thoughts of basking in the sun and frolicking with family in paradise. It is also the busiest season when selling or leasing real estate along the water.

Expatriates in the Real Estate Market

There are many reasons a person might leave his country: work, studies or even the prospect of a better life. The fact is that with global mobility, many people and companies are exploring the option to work and/or live abroad. Global connectivity reinforces the perception that it is possible to manage your life and career regardless of your location in the world, thanks to modern technology and the recent pandemic which has shifted the definition of working remotely.

There is no doubt that the pandemic continues to affect our way of living. We can also be sure that after the economy reopens, we won’t be as eager to meet with a customer in a face-to-face scenario and we can forget about handshakes and other friendly greetings.

Since the COVID-19 outbreak started, we started analyzing the impact this crisis is having on the Foreign Buyers market. Two months ago, we noticed a strong increase in properties enquiries coming from China (x3). Later, from 15-31 March, our Concierge Service Team called 700 buyers to find out whether their intentions had changed or not. At the time, 81% of buyers told us they were still actively looking.

The coronavirus crisis has now reached Europe, causing a considerable slowdown in everyone's daily routine. But what are the consequences of the ‘stuck-at-home’ scenario for potential buyers and users of the ListGlobally real estate portals?

International real estate activities during coronavirus crisis

The continual spread of coronavirus has caused a huge global economic impact across all industries.  As every nation, and every individual is working their best to contain this spread and protect the economy, we would like to do our part to share some insights of the international real estate market to help agents’ weather through this crisis.

At ListGlobally, we believe data is really important for your business development. As such, we often publish our data results and make them available to real estate professionals globally. As we track consumer interest and the performance of listings, we are capable of detecting trends when it comes to foreign buyers worldwide.