Land Prices Could Fall by 30% Following Coronavirus

30 April 2020 –

On average, prices could fall by between 5% and 6% in 2020 in the worst of the post-crisis scenarios, according to the consultancy CBRE.

The scenario of price decreases in the market for land is highly conditioned by the duration of the recovery from the pandemic, and the depth and form of the economic crisis itself. However, they could fall by between 5% and 6%, on average, during 2020 in the worst-case scenario, according to estimates by the consultancy CBRE.

In fact, the College of Notaries has already detected that the average price per square metre of land operations in February stood at €187, which represented a decrease of 6% in interannual terms.

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Translation/Summary: Carmel Drake