PROPERTY TRENDS

KNIGHT FRANK IDENTIFIES KEY REAL ESTATE TRENDS ACCELERATED DURING THE PANDEMIC

“The focus on wellbeing and amenities are now increasingly at the top of our buyers list of considerations, and as such the level of adoption from developers that previously would have taken years, has happened in a few months confirming that COVID-19 could impact the near-term supply and long-term design of housing around the world,” says Maria Morris, Partner at Knight Frank Middle East.

Other trends accelerated in 2020:

• Space for home offices: Developers are more likely to design flexible home working into their projects.

• Healthier/greener living: 38 percent of developers are more likely to consider facilities for bicycles.

• Urban appeal: Nearly half of respondents wanted city locations

• Mixed-use schemes: A third of developers are considering adjusting the mix of residential and commercial elements in schemes.

The Knight Frank Global Development Report 2020 underlines that branded residences have seen a surge in popularity thanks to features such as the lock up and leave element to stringent maintenance procedures.