According to survey by Forbes, 81 per cent of respondents confirmed that the Coronavirus has an adverse effect on the number of prospective homebuyers in America. Also the study said the property purchasing rate in Nigeria drastically reduced by 80 per cent. As the lockdown keeps escalating and another 54 per cent of respondents reported difficulties in getting building materials for homes.
Overall, there’s no denying that it will take some time to see just how severely this virus will impact buyers. However, the study sees a glimmer of hope as though, buyers are being cautious, the drive to own a home was still alive and well.
With the gradual ease of the coronavirus lockdown, some homebuyers and real estate players are capitalizing on the low prices to make purchases . For instance, some properties at Pakuro and Ijere Worugudu in Mowe area of Ogun states, which have been idling away for years, were sold last week.
source:TheGuardian
