The world has never perceived an emergency state of such terrible scale. COVID-19 has interrupted the business networks, international markets and operations all over the globe. Home quarantine and work from home have become the new normal, as the only safeguard that can shield a person from this contamination is his own home. This unparalleled environment has convinced humans reconsider and re-plan their financial behaviour in various ways. Housing, an industry dominated by people’s living and expenditure patterns, is all set to witness a trend of change as we prepare to unlock gradually for setting the country’s economic arc right. A detailed parallel analysis of changing homebuyers’ behaviour and patterns in Pre-Covid and Post-Covid situations will help us understand this better.
In just about three months, our perspective about life and survival in this erratic world has changed drastically. It has made us re-think and re-plan our financial behaviour.
As we gradually reopen our markets to fix the economic curve, we can’t help but contemplate over how this white swan event has disrupted the real estate sector in a microscopic period of time.