As we already know, the coronavirus pandemic has forced us to make many changes in our lives.

Among others are the acceleration of digitization, teleworking, distancing measures, mobility restrictions etc ... What has affected our way of living, working and socializing, which leads us to spend more time in our home .

All of this has caused a "new normal", which will henceforth be a new way of living.

This has also affected the real estate sector, it is one of the industries that is being most impacted by uncertainty, the economy and the social distancing imposed by the government, having to adapt to new circumstances giving way to technological advances.

Digital services have made it easier for the real estate sector to continue operating during the pandemic, with some normality, despite the restrictions and limitations of recent times.

The transformation of new technologies allows you to carry out virtual tours of homes with your mobile and close transactions electronically through smart contracts, in addition, the application for a 100% online mortgage, are some of the benefits that theOrange Spain real estate can offer its customers.

The Sociological Research Center (CIS) revealed, a few months ago, that 23% of citizens have increased the purchase of homes online during the pandemic.

The new demand insists in remote areas of the city such as the Costa Blanca, this is because with the confinement many people have realized that their homes and locations did not meet their day-to-day needs.

The “new normal” has definitely changed the needs of future home buyers: moving or looking for a second property with larger spaces, outdoor areas, with more light, rooms for teleworking and rest is the most noticeable change that Covid- 19 has generated in the real estate sector in 2021. Almost 25% of Europeans consider a change of housing as a result of this situation.

This points to a higher demand for new construction and single-family homes. But without underestimating second-hand properties, their demand will be increased due to the location factor, an aspect that will also influence the price of these properties.

The rental market faces an unpredictable outlook due to the lack of legal certainty, which may have a negative impact on the offer and toughen access to certain groups, although from Naranja Spain Real Estate, we continue to support and offer this service so demanded in Costa Blanca.

We have also been able to observe the significant drop in activity by foreign buyers, the sale has been affected by the ban on traveling between countries, due to the pandemic. The most up-to-date information from the General Council of Notaries reflects an average drop of 37.4% year-on-year in home sales by foreign buyers in the first half of 2020.

According to the Appraiser Institute of Valuations, these data reflect the impact that restrictions to travel between countries have had and the uncertainty about the evolution of the pandemic in the Spanish real estate market.

The appraiser emphasizes that, “Everything seems to indicate that this slowdown in transactions could continue as long as the restrictions continue. However, in the medium-long term, it is expected that Spain will continue to attract the interest of foreigners thanks to factors such as the coastal areas, the climate or the good opportunities it offers compared to other European cities ”.