Real estate market and logistics
The Spanish property market will continue to be a focus of interest for investors after the pandemic.
Logistics and residential sectors will emerge reinforced from the crisis, according to Savills Aguirre Newman, after the third/fourth quarter of 2020.
These are the main conclusions drawn at a meeting organized by the consultancy, in which experts from the sector have discussed the crisis impact.
All the speakers who participated in the meeting agreed that the COVID-19, is going to generate an important change in certain real estate segments (Valencia property types demand after Covid19) and specifically, the logistics and the residential will be reinforced.
Office work after Covid19
Regarding the office segment, the experts foresee a much stronger relationship with technology at the workplace . Teleworking will be the main determining factor for future changes.
In this sense, they picture a new conceptual approach to offices, with more technology in buildings and greater flexibility in space and working time.
On the other hand, senior managers have pointed out that, after the crisis, there will be a redefinition of the contract within the companies, and of social and environmental awareness, and they expect large companies to focus on protecting employees.
Some other rising segments
In terms of attracting investment for the next cycle, the technology industry, the health sector, the pharmaceutical segment and some large consumer brands, along with logistics and real estate sectors, will benefit the most from the crisis.
Although all of them will have to adapt and reinvent themselves before the new cycle begins.
Experts have also pointed out that the consequences of the virus in Europe have occurred asymmetrically between the north and the south, depending on the magnitude with which it has impacted, the management of the pandemic, and demographic characteristics.
Therefore, business and industrial recovery in each country will be equally asymmetric.