After many surveys searching for the effect of the pandemic on Work from Home trends, the market outlook, and the real estate sector, we decided to look internally at our post lockdown closed transactions. With nine months of the year effectively gone and the COVID-19 pandemic still an active threat to our economy, we decided to get to the root of buyers’ behaviour at this time to differentiate between normal demand and pandemic demand. Additionally, while the commercial real estate market has seen a downturn, the residential market remained buoyant.
After a quick analysis, we discovered that while 50% of our post lockdown closed transactions (both sales and rentals) were normal demand, the other 50% were decisions, directly or indirectly, influenced by the current situation.
Our Welcome Stamp has answered the call for many people who are willing to take advantage of our ‘Work from Home’ initiative.
Looking to relocate to Barbados? With the introduction of the 12 Month Barbados Welcome Stamp, you can work remotely for up to a year in one of our properties. Choose from a wide selection of villas, houses, apartments, and townhouses across the island.
Visit our bespoke website: www.welcomestampbarbados.com
Can a blog title be any more self-explanatory? First let me declare this won’t be a long-winded deposition on the need for owners to reduce the price on their properties for sale to encourage potential buyers but more a less than subtle recommendation for more value fit sale options.