The coronavirus crisis has placed us before an unprecedented scenario: a global pandemic that has changed our lifestyle and whose negative effects, still impossible to quantify, will affect all sectors, especially the health and the economy.
But, contrary to what it might seem at first, the real estate market faces this new situation with some optimism, and experts are convinced that, contrary to what happened in 2008, this time this sector can become an economic engine for the next few years.
The reasons on which this thought pivots are several, although three stand out:
Unlike 2008, the circumstances that we are currently experiencing and that have triggered this crisis are completely exogenous to the economy and temporary in nature.
We have a healthy soil and economy, which has experienced a gradual recovery over the last few years, so the real estate sector faces the next few quarters and the arrival of the new normal. with some optimism.
The demand for real estate is high , and this can be linked to a potential growth in this market, both in second hand and in new construction.
It is undeniable that the real estate sector will experience certain changes after COVID-19, most of them related to digitization and the search for houses with open spaces , a trend that will take hold in the coming months.
In the following, we want to focus especially on this last point.
Obviously, the situation of the real estate sector and its recovery after the coronavirus crisis will not be homogeneous throughout Spain. However, some elements do seem to settle globally. One of them is the search for more spacious and accessible homes, with outdoor areas such as terraces or gardens. .
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In fact, at real estate agencies like Deplace we have noticed that potential buyers search more for single-family homes on our website, although this may be due to both a real intention and a test by future owners.
What seems clearer every day, although we must still take it with a prudent distance, is that the promotion of new construction homes can be one of the economic engines to get out of this economic crisis, provided that certain conditions are met.
The most important is that the new residential projects adjust to the demands of users who, after confinement, have detected the deficiencies and needs of their homes and have established new priorities when redesigning the spaces of their home.
What will the houses be like after COVID-19?
Although the scarcity of land and the search for sustainable models make it practically impossible to convert the entire Spanish real estate stock into independent houses and single-family homes, the large residential blocks that will be built in the future must be progressively better than the current ones, following these four axes:
Users increasingly value that a house has natural light, since it is synonymous with health, well-being and financial savings .
Currently, the demand for houses with open spaces such as terraces is higher, in large part, because these types of houses are much brighter.
In new constructions, this aspect can be enhanced with the integration of large windows that receive natural light . And when it is not possible to obtain more natural light, you can opt for artificial light “in an intelligent way” , something key to create environments. You can also take a look at our article on tricks to light your house if you currently do not have many windows .
Another way to give light to a house is to go for neutral colors on walls and floors , white carpentry or design with minimalist decoration to convey a feeling of spaciousness.
Greater breadth and functionality
Although experts in the residential sector believe that the coronavirus crisis will encourage the construction of more spacious homes, it will not always be possible. In these cases, multifunctionality will be much more relevant .
We face the challenge of solving the housing problem by giving priority to quality over the consumption of large proportions of urban land . Basically, this consists of adapting the homes to the available space, taking into account that some rooms will be used in a different way than has been done until now.
Thus, more and more homes will have kitchens open to the living room, sliding doors or new distributions , such as the union or separation of spaces with partitions or simple works.
The objective, in all cases, is to achieve flexible, multipurpose and transformable spaces depending on the time of day , and that can serve as a ” home office ” or as family leisure spaces according to our needs.
Greater indoor-outdoor ratio
According to some experts, in the coming months real estate developers will give more importance to terraces and open spaces , and for this they will “sacrifice” meters of the interior of the houses.
After the health crisis of the coronavirus, users want houses with open and exterior spaces, so the properties with the most demand to live in are attics and ground floors with gardens.
The terrace has also become an almost essential complement for those who are thinking of changing their home, and spaces without enclosures such as patios, interior areas between blocks and accessible flat roofs are considered as an economical alternative to offer a greater openness to the outside.
Another post-COVID-19 trend in the real estate market will be the search for greater communication between indoor and outdoor spaces thanks to the covered terraces designed as extensions to create indoor-outdoor living rooms or the increase in bedrooms with private terraces and patios.
More attractive and functional common areas
In addition to houses with open space, more and more people give more importance to the common areas in their future home (gardens and green areas, gym, swimming pool, nursery, social room, sauna …) that allow them to enjoy their leisure time without need to move. This facilitates saving money and having more free time is key, and it can also be beneficial from the purely functional sphere: the possibilities are endless and in some cases it is even being considered to establish community coworking areas that allow teleworking outside the home but without leaving our building or urbanization.
Enjoying houses with open spaces is a priority, although it is not the only step to get homes adapted to the new needs that have arisen after the coronavirus. And it is that, if this crisis and its confinements is teaching us something, it is the importance of being comfortable in our living space , something essential when redesigning our home or buying a house.
Are you looking for a flat or a house with open space in your city? Contact Deplace . We are experts in the real estate sector and we will help you throughout the buying and selling process (search for single-family homes, with a terrace or garden, selection of the best offers, obtaining the most beneficial financing for you, procedures, etc.). Call us!