Based on the current global situation due to the Covid 19 pandemic, what is the economic...

Based on the current global situation due to the Covid 19 pandemic, what is the economic effect of this pandemic on the overall real estate market performance in Malaysia? and the current issue facing this industry?

write about 700-800 words.

Expert Solution

Covid 19 pandemic has carried the enitre world to a worst position and real estate market too has same effect.

Real estate market is a field where many people are earning a lot of money irrespective of background,support and place.Due to this pandemic it has gone down and severely impacted by the outbreak of covid.

There are many reasons for this.some of them are

1.clients may not come out and contact the people.

2.The market has fallen down to a very low rates.

3.There is no money with the people who are in this market due to the pandemic.

4.All the companies may hang on or may cancel their deals or delay the decisions.

So with the lower leasing and investment the real estate market as undergone much pressure.This results in a greater effect on the buyers and sellers too.As there is increase in number of cases day by day , the real estate market may not come into normal position for a number of months.

So the landlords may come up with some solutions and relief measures such as dealing with the packages for free and also giving safety services for both the buyers and sellers.

So the total profit gaining market has got effected a lot due to this pandemic.

Rahul Sunny answered 1 year ago

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