Lamudi presents survey responses from property seekers, brokers and real estate developers
LAMUDI.com.ph shares its latest trend report titled “The Outlook by Lamudi: Eager Property Seekers, Diligent Brokers and Developers Raring for Change” that discussed about how the pandemic impacted the preferences of property seekers, the response of property developers, and how real estate brokers and agents plan for the sector’s recovery. Here’s an excerpt of the report : On May 12, 2020, the government announced that Laguna, NCR (including Pateros), and Cebu City will be switching from the enhanced community quarantine (ECQ) to a modified ECQ until the end of the month. This means selected industries can reopen with half their workforce, and limited movement of essential goods and services will be allowed. All other places have been put on general community quarantine (GCQ), with hopes that restrictions will be lifted completely in June. The two-month ECQ has changed the routine of most residents of NCR, including their online activities. From a nine-to-five home-to-office routine, they were asked to stay at home, consuming more online content and rethinking their financial and investment decisions.
Comparing March to April, 2020, during the ECQ, Lamudi saw a 20 percent decrease in country-wide site visits. While this may not seem like an ideal situation, a further look at the numbers gives the sector hope: The overall decrease in website traffic on Lamudi came from a drop in the number of new users (42 percent), but there was simultaneously a 31% increase in site visits from returning users, which means that those who were thinking about real estate before the ECQ gave property purchase a more serious thought during the ECQ.
The report is composed of the following topics: How the pandemic impacted the preferences of property seekers,
The response of property developers to challenges presented by Covid-19, and How real estate brokers and agents plan for the sector’s recovery.
For the full report, visit https:// www.lamudi.com.ph/journal/raring