The real estate consultants of the German Investment Real Estate Association (DAVE) provide forecasts on how the various asset classes on the real estate market will develop as a result of the restrictions and changes triggered by the Corona crisis. According to statements by the real estate consultants, it is already apparent that the real estate industry will suffer particularly badly in the hotel market and in retail, with the exception of the food sector.
The situation is different in the residential and logistics sectors as well as in the social real estate and daycare centers segment. Here, DAVE's consultants expect a significant increase in importance. The residential asset class in particular will continue to develop positively on the real estate market, according to the forecasts of DAVE's Council of Experts. Above all, housing as a capital investment will continue to be a secure and sought-after investment. In the area of owner-occupied residential real estate, DAVE's real estate consultants initially expect demand to decline slightly, but it will still exceed supply. Price developments for owner-occupied real estate will become more market-related in the future.
According to DAVE forecasts, special-purpose properties such as daycare centers and social properties will experience a boom. Even before the Corona crisis, there was a positive development in these asset classes. Due to long-term operator contracts and rent subsidies by municipalities, real estate owners of daycare centers are not expected to feel any economic consequences of the Corona crisis. The situation is similar for social properties with municipal users. DAVE consultants also assume that demand will increase in sub-segments of logistics real estate - such as in the health care or food supply sectors.
Source: DAVE
© fotolia.com
