Covid and Real Estate

Why people choose a new way of life

COVID 19 has brought changes to the real estate market around the world.

The pandemic has set new requirements for housing.

People who are forced to stay at home and use only online services are actively investing in real estate in 2020-2021, covering not only the need for a comfortable life and work, but also access to active recreation and entertainment.

The growth in the number of people working remotely has broken all records, and now, many specialists from top employees to ordinary managers see housing on the sea as a good alternative to gassed cities filled with noise and heavy traffic.

What the statistics say about COVID-19 and Real Estate

Statistics in the United States shows that people are trying to leave big cities for more comfortable conditions with good ecology, developed infrastructure and affordable services. The trend is also spreading to European countries, especially EU candidate countries.

In just two years in the US, suburban home sales rose by 15.6%, compared with the previous growth rate of 5.6%.

“Houses for rest and work remotely are very popular now. Companies and employers continue to provide remote work, vacation homes and second homes - a frequent choice among buyers" - commented on the situation in the suburban housing market, the chief economist of the National Association of Realtors Lawrence Yun.

The growth in demand for housing is also recorded in countries where obtaining a residence permit or citizenship when buying real estate is a common process.

Montenegro, with the application for entry into the European Union, being the 1st in the list of candidates, is becoming one of the most attractive places not only for recreation, but also for investing in real estate. It is worth noting that the small coastline of this small but very rich natural beauty country is one of the most reliable investments in real estate.