How are home sales in Panama affected by COVID-19?
The covid-19 has already started to paralyze the demand for the acquisition of houses in Panama, since it has generated a drop in the activity of the real estate market. The state of alarm that currently exists does not allow people to make the necessary visits to obtain a house, in addition, it is worth mentioning that the number of calls and emails from people interested in acquiring property has been paralyzed.
The unexpected outbreak of covid-19 has caused many companies to take measures with different work plans, which highlights the flexibility of solutions in work environments and the application of teleworking or 'Home Office' as the way in which companies approach their work methods at this time and even a new scenario.
On the other hand, the alarm situation brings negative effects to the economy, and if the situation spreads the growth of the real estate market could be affected, being clear that this sector will suffer a decrease in liquidity.
Although 2019 closed with positive figures in the real estate world and in the sale of houses in Panama, a global pandemic was not expected for 2020, and it has already begun to affect the real estate market.
The outbreak of Coronavirus reduced the possibilities of buying and selling houses in Panama and the hope that there would be a recovery in the growth in this sector since there are many rumors that give 2020 as lost, thanks to the unfortunate paralysis in the purchase - sale and the fall in prices of real estate due to lack of demand.
This impact will not be very positive for this sector, since the operations that were about to take place are being cancelled or postponed, since the interested parties prefer to protect themselves due to the high risk of contagion.
The unexpected outbreak of covid-19 has caused many companies to take measures with different work plans, which highlights the flexibility of solutions in work environments and the application of teleworking or 'Home Office' as the way in which companies approach their work methods at this time and even a new scenario.
On the other hand, the alarm situation brings negative effects to the economy, and if the situation spreads the growth of the real estate market could be affected, being clear that this sector will suffer a decrease in liquidity.
Although 2019 closed with positive figures in the real estate world and in the sale of houses in Panama, a global pandemic was not expected for 2020, and it has already begun to affect the real estate market.
The outbreak of Coronavirus reduced the possibilities of buying and selling houses in Panama and the hope that there would be a recovery in the growth in this sector since there are many rumors that give 2020 as lost, thanks to the unfortunate paralysis in the purchase - sale and the fall in prices of real estate due to lack of demand.
This impact will not be very positive for this sector, since the operations that were about to take place are being cancelled or postponed, since the interested parties prefer to protect themselves due to the high risk of contagion.
Servmor provides solutions for its clients, in times of Covid19
At Servmor we make it easy for you to visit our homes for sale online.
With the comprehensive advice of our expert agents, you can analyze and choose the home of your choice.
Using technology and also managing our entire inventory of properties digitally, we can give you all the support from the beginning of the management and until the end.
We work to always keep our clients informed and advised, even more in situations where they deserve our transformation and adaptation to the real needs of today.
