Most real estate experts agree that the recovery of the sector after the crisis caused by Covid-19 will be rapid and V-shaped, although others believe that the curve will be more similar in shape to the Nike logo. Regardless, nearly all of them concur that caution must be exercised.
Juan Núñez, Operations Director at Metrovacesa, believes that “the impact will be limited in time and that the recovery will take a matter of months, not years.” As for sales, he assures that we have enjoyed a few good years, but that, at the moment, ” since the State of Emergency was declared, buyers are preferring to wait to assess the situation. Nevertheless, we are excited because the prospects so far look good.” Having said that, “we have to be cautious,” he added during a meeting about the sector after the crisis organised by Expansión and Banco Santander.
