Question

what is the change in demand and supply for housing market during covid19?

Answer 1

Covid-19 appreciate the way our world is interconnected how businesses to how we lives our lives around the globe we feel that it is more important than ever to be able to share our inside as its relation to global housing market if I will take an example of Indian real estate sector has declined to 58% from here $712 million dollars the quarter end march.

As we all know that covid-19 has impacted in various sectors of the country whether it may be health, infrastructure and various form of businesses not talking about the demand and supply of housing market various construction projects regarding housing has been stopped due to lockdown or to maintain social distances so it has created a lot of impact on housing sector as no labours are allowed to work specially to avoid gathering and follow government orders. Now if we are talking about the demand and supply we should talk about all the materials which are required for housing projects the demand is high but the supply is less has all the manufacturing units regarding products are being closed in view of lockdown to maintain social distance and to spread rate of coronavirus which is affecting a lot in the housing market it causes devastating in fact on the housing sector especially in the demand and supply the projects will be in a very critical condition which are in progress do the supply of materials in time and that will affect a lot for other and we will be not able to provide housing projects on time.