Global Housing Market News Roundup

July 14, 2020
Share this Post: 

We have a lot of housing market news arrive in our inbox here at OnlineMarketplaces. Here is a roundup of some interesting points we have seen in the last couple of days.

Spain - Top Spanish portal Idealista released a report showing that the percentage of searches for property in the regional capitals is climbing again after initially falling during the lockdown period. In January the percentage of Idealista searches for property in Spanish regional capitals was a very stable 44.1%. This figure then dropped to 38.8% during the lockdown period as people got cabin fever and wanted more space. Since the state of alarm ended on the 21st of June, though the figure has been climbing again and now stands at 40.4%. Perhaps a sign that reality is biting and exposing people’s escapist rural housing desires as just pipe dreams. 

UK - Housebuilding company Redrow commissioned a survey of 2000 people which shows that those most likely to have switched priorities in terms of what sort of home they are looking for in light of the global pandemic are those with young children (54%) and those who have been working from home or furloughed (39%). Interestingly, 34% of Londoners said that high-speed broadband internet was the absolute top priority for them when looking for a new home.

Australia - Leading property portal has released a video consulting experts about whether now is a good time to sell property. Apparently, the market is set to drop between 5 and 10% in the next 6 to 12 months so if you want to sell soon, then now is a good time, if not, it would be better to wait. 

South Africa - Independent property portal MyProperty has interviewed management at leading agency Pam Golding Property Group around what they are seeing in the post-pandemic property market. Apparently, they are seeing more investors and cash buyers come into the market as well as an increased interest in “living off the grid”.

July 14, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Rightmove Not Listening
Rightmove to ‘Reject’ Listings Without a Price—and None of Its Current Listings Are Compliant

From today, new listings that don’t display a price cannot be uploaded to Rightmove. Rightmove made the announcement to comply...

Read More
Zigbang Investment Scaled
Zigbang Secures $77m Funding Before Anticipated IPO

Real estate marketplace ZigBang has raised ₩100 billion ($77 million USD) in what is believed to be a pre-IPO equity...

Read More
Shutterstock 1668133759 Scaled
Offerpal secures pre-seed funding round

Proptech startup Offerpal has raised an undisclosed pre-seed funding round led by Swedish venture capital firm PropTech Farm, with Offerpal...

Read More
Immowelt And Remax Partnership
Immowelt and RE/MAX Expand Their Partnership

Remax Germany and immowelt will increase their collaboration through shared marketing services. Immowelt will now provide some of its digital...

Read More

Popular News