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Home > Forum > Chennai > Chembarambakkam > Buying property > How will the Coronavirus pandemic affect the demand for luxury housing?

How will the Coronavirus pandemic affect the demand for luxury housing?

Q: How will the Coronavirus pandemic affect the demand for luxury housing?

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1. Changes in lifestyles after COVID-19, may spur the demand for sustainable designs in luxury homes
2. The demand for luxury homes will be very less compared to the situation before pandemic.
3. People may invest either on affordable housing or on mid segment houses or apartments due to the uncertainty in market conditions.
4. NRI customers may invest in luxury homes as there may be price reduction of luxury houses.
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