The impact of Covid-19 on real estate activity will be “very pronounced in the short term, affecting housing prices and demand, although uncertainty still persists around the intensity and duration of the decrease,” according to the consulting firm RR Acuña.
With this outlook, the firm predicts that the housing market will experience falls this year not seen since the burst of the real estate bubble. Moreover, according to its forecasts, the housing market will not return to an upward path until 2023.
Read the full article in Spanish.