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GLOBAL REAL ESTATE INVESTMENT DROPS BY 33% DUE TO THE PANDEMIC

ACCORDING TO THE LATEST REPORT RELEASED BY SAVILLS GROUP, GLOBAL REAL ESTATE INVESTMENT FELL BY 33% IN THE FIRST HALF OF THIS YEAR DUE TO THE COVID-19 EPIDEMIC.BLOOMBERG NEWS REPORTED ON THE 20TH, CITING THE CONTENT OF THIS REPORT, THAT REAL ESTATE INVESTMENT IN THE ASIA PACIFIC REGION HAS BEEN IMPACTED BY ******, WITH A YEAR-ON-YEAR DECREASE OF 45%, DUE TO THE OUTBREAK OF THE EPIDEMIC IN THIS REGION FIRST. IN ADDITION, REAL ESTATE INVESTMENT DECREASED BY 36% IN THE AMERICAS AND 19% EACH IN EUROPE, THE MIDDLE EAST, AND AFRICA.THE REPORT SHOWS THAT AS THE TOURISM INDUSTRY WAS SUSPENDED FOR SEVERAL MONTHS DUE TO THE PANDEMIC, HOTEL INVESTMENT DECLINED BY 59% IN THE FIRST HALF OF THIS YEAR, FOLLOWED BY A 41% DECLINE IN RETAIL PROPERTIES. INDUSTRIAL AND RESIDENTIAL PROPERTIES HAVE PERFORMED RELATIVELY WELL.SIMON HOPE, HEAD OF GLOBAL CAPITAL MARKETS AT SAVILLS GROUP, STATED THAT FOR THE REMAINDER OF 2020, AS INVESTORS WAIT FOR MARKET CONDITIONS TO BECOME CLEAR, INVESTMENT VOLUMES ARE EXPECTED TO REMAIN BELOW PRE PANDEMIC LEVELS.THE INTERNATIONAL MONETARY FUND (IMF) PREDICTS THAT WITH THE CONTINUATION OF THE COVID-19 EPIDEMIC, GLOBAL GDP (GROSS DOMESTIC PRODUCT) WILL SHRINK BY 4.9% THIS YEAR. IMF CHIEF ECONOMIST GITA GOPINATH SAID THAT THE ECONOMIC RECESSION WILL RESULT IN A TOTAL LOSS OF $12.5 TRILLION TO THE GLOBAL ECONOMY THIS YEAR AND NEXT YEAR.THE EPIDEMIC HAS HEATED UP RURAL REAL ESTATENBC REPORTED THAT THE WORD MOST CLOSELY RELATED TO THE COVID-19 EPIDEMIC IS "UNCERTAINTY". UNCERTAINTY IS REFLECTED IN TERMS OF HOUSING, AS PEOPLE BEGIN TO CONSIDER ESCAPING THE CITY.ON THE 19TH, CITING THE LATEST DATA FROM THE AMERICAN REAL ESTATE ASSOCIATION, IT WAS REPORTED THAT THE AVERAGE VIEWING RATE OF PROPERTIES LOCATED IN RURAL AND SUBURBAN AREAS INCREASED BY 34% AND 30% RESPECTIVELY YEAR-ON-YEAR IN JUNE, REACHING THE HIGHEST LEVEL IN HISTORY. IN CONTRAST, THE AVERAGE VIEWING RATE OF PROPERTIES IN URBAN AREAS INCREASED BY 19%.OF COURSE, THE VIEWING RATE IS DIFFERENT FROM THE SALES REVENUE. THE ABOVE DATA SHOWS THAT PEOPLE ARE AT LEAST INTERESTED IN LEAVING THE MOST DENSELY POPULATED AREAS AND MOVING TO DISPERSED COMMUNITIES. ACCORDING TO THE REPORT ANALYSIS, SOME OF THEM MAY BE LOOKING AT HOUSES TO BUY A SECOND PROPERTY IN MORE REMOTE AREAS.NBC BELIEVES THAT IF REMOTE WORK BECOMES A MORE COMMON AND ACCEPTABLE WAY OF WORKING, EVEN AFTER THE PANDEMIC, LONG COMMUTES MAY NOT SEEM AS DIFFICULT TO ACCEPT AS THEY DID BEFORE, AS TRAFFIC JAMS FIVE DAYS A WEEK FEEL DIFFERENT FROM THOSE THREE DAYS A WEEK.