Covid-19 changes the tastes of home buyers

According to data from RedFin, since the beginning of the Covid-19 confinement, searches for houses in rural areas and small towns have risen and properties in the center of cities have fallen.

These data are collected from US online users and nothing differs from future buyers and tenants of homes in Spain

The coronavirus changes the trends of the real estate market

• Interest in bigger houses.

Confinement and telecommuting work have made families spend more time together. Their homes are now also their offices and kitchens are being used more than ever. This is the reason for the increase in needing more habitable square meters for their homes.

• Properties with more outdoor space.

Another aspect that was to be expected is the wanting of more outdoor space. It has always been said “You don't know what you have until it is taken away from you”. And outdoors freedom is now limited for most of us, the search for homes with outdoor space and garden areas is becoming an essential requirement for future home buyers and renters in Spain.

• Rural houses and villages.

In Spain, towns are seeing their residents numbers increase since the desire to have a larger home with more outdoor space is not always a feasible combination in cities. For the majority of future home buyers, the main reason is the economic instability that we are facing, home buyers are not willing to acquire large mortgages.

These shifts in homebuyer tastes could be a trend or a long-term change, we will see. 

In any case, Covid-19 seems to be pushing us in the same direction: city centers and “trendy” neighborhoods are no longer so important for future property buyers and tenants.

In Naranja Spain Real Estate in Guardamar del Segura, we have undoubtedly felt this change and the requirements of our home buyers, which usually include two of these three factors as an essential aspect in their new property.

If you are searching for a new or second-hand independent villa in Guardamar del Segura and surroundings of Costa Blanca. We are the team you are looking for, a transparent and professional agency;  Naranja Spain Real Estate, here to help you find your property home.