Real estate market waiting for coronavirus epidemic to end

Agencies say that clients have not abandoned their intentions to buy or lease real estate, and that the true impact of the crisis would depend on the duration of the epidemic and the purchasing power after it.

Boštjan Udovič, the head of the Real Estate Association at the Chamber of Commerce and Industry (GZS), has told the STA that real estate agencies are currently only providing services which could be provided without physical contact with clients.

Some real estate agencies have completely suspended their work, and "turnover has dropped significantly", he said. It will be possible to compensate for this after the epidemic ends, but this will depend on the general economic situation and purchasing power.

The real estate agency Stoja Trade is concluding contracts retroactively for deals agreed on before the measures were introduced. "Instead of...