If you planned to move out during the coronavirus pandemic, you’ll have to postpone it. As a matter of fact, since the announce of the confinement in France, the government has suspended all trips to the bare necessity, precising that even move outs wouldn’t take place.
The real estate market is then truly interrupted. Confinement aiming at avoiding any contact, working sites are shut down until further notice. It also involves visits of real estates and as a consequence, sales are decreasing. By the way, the real estate sector has been noticing a decrease of new sales of houses and flats since the beginning of the epidemic.
To try and salvage, it wouldn’t be surprising to notice lower prices for the accommodations already on the market in the upcoming days. But for how long. So far, nothing is settled. It all depends on the reality of the duration of the confinement period in France and the impact it will have on real estate.
At the end of this period, it would be likely to see a rush to acquire property, or the apparition of new working sites, some being postponed, to catch up the need in housing. A consequence coronavirus will have as it is impacting more and more sectors. As a matter of fact, real estate isn’t the only sector suffering from the health crisis. Since the epidemic broke out, restaurants and the medical staff are also on the frontline.
