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2021 is already off to a surreal start, but it has nonetheless been coined a “completely new beginning” for the real estate sector as businesses look to turn the page on 2020 and confront the realities of a market that has been transformed by COVID-19. We look at the latest developments across the real estate market as the sector looks towards a post-pandemic paradigm.
CBRE’s Real Estate Market Outlook Report for 2021 predicts “the U.K. worker, employer, consumer, homeowner or renter will never return to pre-pandemic habits… not in 2021 and not ever.” If they are right, this would mean a new beginning for the sector a shake-up or even a necessary and timely shakedown, as some might suggest.