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TwitterResidential real estate transactions saw both a decline as well as an increase during the coronavirus pandemic in 2020, depending on the country. In Denmark, for example, property sales increased by over ***** percent year-on-year in the second quarter of 2020. This was in stark contrast to the United Kingdom, where provisional and non-seasonal data suggested the country saw one of its largest drops in housing transactions since 2009. Some countries, on the other hand, already witnessed a decrease in their transactions before COVID-19 hit Europe. The housing trade inFrance, for example, suffered a large decrease in the first quarter of 2020, right before quarantine measures were enforced. Data for Germany, on the other hand, suggested that its housing market was still growing before the lockdown. Whether this was still the case in 2020 remains to be seen.
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TwitterOne of the expected impacts of the coronavirus (COVID-19) that brought the world to a halt in the first quarter of 2020 is the disruption to normal business activities and supply chains. The effect spreads through various industries and with the assumption of a ********* delay in construction activities, the forecast suggests property completions planned for 2020 in cities in the United Kingdom (UK) could decrease by more than *********, leading up to more completions in 2021 than originally planned. For more information on the Statista coverage of the coronavirus in the UK, see our report.
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TwitterIn a follow-up to his September article, “Commercial Banks Aid Canada’s Housing Market,” Lead Analyst Samuel Kanda explores deeper issues with Canada’s real estate market.
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TwitterIn a September 2020 survey among adults in the United States, many respondents said that the COVID-19 pandemic did not change their interest in buying a home. Millennials were most likely to have changed their homeownership plans: ** percent of Millennials were more interested in buying a home due to the COVID-19 pandemic compared with **** percent of Baby Boomers.In the United States, the 2020 homeownership rate reached **** percent.
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TwitterIn this Economic Commentary , we compare characteristics of the 2000–2006 house-price boom that preceded the Great Recession to the house-price boom that began in 2020 during the COVID-19 pandemic. These two episodes of high house-price growth have important differences, including the behavior of rental rates, the dynamics of housing supply and demand, and the state of the mortgage market. The absence of changes in fundamentals during the 2000s is consistent with the literature emphasizing house-price beliefs during this prior episode. In contrast to during the 2000s boom, changes in fundamentals (including rent and demand growth) played a more dominant role in the 2020s house-price boom.
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TwitterLa Rioja was the Spanish region where the pandemic impact on real estate prices was higher compared to the previous year, with a decrease of almost 16% in the last quarter of 2020. The only place in Spain where there was an increase in comparison with the pre-pandemic data was in the autonomous city of Melilla.
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The data in this paper are divided into two main sections, which are data on the housing market and data on epidemic case information. The time span of the data sample is from December 1, 2019 to April 26, 2020.The original data of the housing market aspect such as the second-hand house price index in Wuhan and the surrounding provincial capital cities were obtained from Chain Home and Baidu Maps. Among them, there are 53,541 valid records of residential transactions in second-hand neighborhoods, with a final total of 347,720 after data cleaning (5582 in Wuhan; 5710 in Hefei; 7988 in Xi'an; 2066 in Changsha; 5910 in Zhengzhou; and 7464 in Chongqing).
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This dataset provides an in-depth insight into Spanish apartment prices, locations and sizes, offering a comprehensive view of the effects of the Covid-19 crisis in this market. By exploring the data you can gain valuable knowledge on how different variables such as number of rooms, bathrooms, square meters and photos influence pricing, as well as key details such as description and whether or not they are recommended by reviews. Furthermore, by comparing average prices per square meter regionally between different areas you can get a better understanding of individual apartment value changes over time. Whether you are looking for your dream home or simply seeking to understand current trends within this sector this dataset is here to provide all the information necessary for both people either starting or already familiar with this industry
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This dataset includes a comprehensive collection of Spanish apartments that are currently up for sale. It provides valuable insight into the effects of the Covid-19 pandemic on pricing and size. With this guide, you can take advantage of all the data to explore how different factors like housing surface area, number of rooms and bathrooms, location, number of photos associated with an apartment, type and recommendations affect price.
First off, you should start by taking a look at summary column which summarizes in one or two lines what each apartment is about. You can quickly search some patterns which could give important information about the market current situation during COVID-19 crisis.
Explore more in depth each individual apartment by looking at its description section for example if it refers to particular services available like swimming pool or gymnasiums . Consequently those extra features usually bumps up the prices higher since buyers are keen to have such luxury items included in their purchase even if it’s not so affordable sometimes..
Start studying locationwise since it might gives hint as to what kind preof city we have eirther active market in terms equity investment , home stay rental business activities that suggest opportunities for considerable return on investment (ROI). Even further detailed analysis such as comparing net change over time energy efficient ratings electrical or fuel efficiency , transport facilities , educational level may be conducted when choosing between several apartments located close one another ..
Consider multiple column ranging from price value provided (price/m2 )to size sqm surface area measure and count number of rooms & bathrooms . Doing so will help allot better understanding whether purchasing an unit is worth expenditure once overall costs per advantages estimated –as previously acknowledged apps features could increase prices significantly- don’t forget security aspect major item critical home choice making process affording protection against Intruders ..
An interesting but tricky part is Num Photos how many were included –possibly indicates quality build high end projects appreciate additional gallery mentioning quite informative panorama around property itself - while recomendation customarily assumes certain guarantees warranties unique promise provided providing aside prospective buyer safety issues impose trustworthiness matters shared among other future residents …
Finally type & region column should be taken into account reason enough different categories identifies houses versus flats diversely built outside suburban villas contained inside specially designed mansion areas built upon special requests .. Therefore usage those two complementary field help finding right desired environment accompaniments beach lounge bar attract nature lovers adjacent mountainside
- Creating an interactive mapping tool that showcases the average prices per square meter of different cities or regions in Spain, enabling potential buyers to identify the most affordable areas for their desired budget and size.
- Developing a comparison algorithm that recommends the best options available depending on various criteria such as cost, rooms/bathrooms, recommended status, etc., helping users make informed decisions when browsing for apartments online.
- Constructing a model that predicts sale prices based on existing data trends and analyses of photos and recommendations associated wit...
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TwitterIn a September 2020 survey among adults in the United States, over half of respondents said that their interest in buying a home had not changed due to the COVID-19 pandemic (** percent). However, Hispanic respondents were more likely to have changed their plans (** percent) compared to white respondents (** percent). In the United States, the 2020 homeownership rate reached **** percent.
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TwitterThe Spain residential real estate market size was USD 145.18 Billion in 2022 and is likely to reach USD 264.67 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031. The growth of the market is attributed to the increase in construction as well as population.
Spain’s real estate market is posting a positive trend, especially in terms of demand. The revival in house sales was high in 2021. For instance, 468,000 transactions were completed by October 2021, a growth of 35.9% compared to 2020 and up by 8.3% on 2019. The activity in the residential sector was highest since 2008. A large part of this revival in demand has come from a reduction in pent-up demand and the forced savings accumulated during the months of lockdown and severely restricted travel, combined with highly favorable financing conditions, which make it more attractive to buy and invest in real estate assets. The residential sector is therefore on track to close 2021 with 545,000 sales in the year as a whole.
Before the pandemic began, the residential real estate market in Spain was growing at a healthy pace, which was then dented by Covid-19 as the construction of housing units came down. However, in 2021, the market was back on track with increase in construction.
As per the latest data from the Appraisal Society, it indicates that the price of new housing has remained stable, in a context of increased sales and improvement in economic indicators. The average price of new homes has grown 0.4% in Spain over the last 12 months to Euro 2,482 (approximately USD 2812) per square meter. This slight increase has been generalized and has been registered in 16 of the 17 autonomous communities.
The economic consequences of the Covid crisis made a dent in the real estate market, and has reflected in the 16.7% collapse of sales in Spain in 2020 to 419,898 transactions. As a result, experimental ways of life are introduced into the real estate market to compensate for the lack of social interaction between people.
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The growth of the online short-term rental market, facilitated by platforms such as Airbnb, has added to pressure on cities’ housing supply. Without detailed data on activity levels, it is difficult to design and evaluate appropriate policy interventions. Up until now, the data sources and methods used to derive activity measures have not provided the detail and rigour needed to robustly carry out these tasks. This paper demonstrates an approach based on daily scrapes of the calendars of Airbnb listings. We provide a systematic interpretation of types of calendar activity derived from these scrapes and define a set of indicators of listing activity levels. We exploit a unique period in short-term rental markets during the UK’s first COVID-19 lockdown to demonstrate the value of this approach.
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The growth of the online short-term rental market, facilitated by platforms such as Airbnb, has added to pressure on cities’ housing supply. Without detailed data on activity levels, it is difficult to design and evaluate appropriate policy interventions. Up until now, the data sources and methods used to derive activity measures have not provided the detail and rigour needed to robustly carry out these tasks. This paper demonstrates an approach based on daily scrapes of the calendars of Airbnb listings. We provide a systematic interpretation of types of calendar activity derived from these scrapes and define a set of indicators of listing activity levels. We exploit a unique period in short-term rental markets during the UK’s first COVID-19 lockdown to demonstrate the value of this approach.
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TwitterThe Turkey residential real estate market size was USD 79.92 Billion in 2022 and is projected to reach USD 212.88 Billion by 2031 expand at a CAGR of 11.5% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing surge in foreign buyer, rising population, affordable financing options.
Turkey is known for its diverse set of both oriental and European elements, country is a lucrative destination due to its tourism, infrastructure, transportation facilities, and ease of living. Turkey is at a historical combination of aspects where urban transformation meets green housing which is expected to improve affordability and quality of housing and community development. According to Housing Development Administration of Turkey (TOKi) a total of 500,000 residential units were constructed between 2003-2010 in 81 provinces and 830 townships across the country.
In 2002 Turkish property market was first opened to foreign buyers under the reciprocity clause. According to this clause only countries allowing Turkish citizens reciprocal rights, such as Britain, Germany, and Netherlands. The reciprocity clause was abolished in 2012, and since then nationals from 183 countries have been allowed to buy properties in Turkey.
The residential real estate market in Turkey was impacted negatively by the onset of Covid-19 in 2020, the market has since regained some of the momentum due to ease of restrictions worldwide. According to Turkish Statistical Institute Turkish Statistical Institute (TurkStat) in the first four months of 2020, the total number of home sales in Turkey rose by 8.9% to 383,821 units.
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TwitterThe average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.
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The Brazil Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Villas & Landed Houses, Apartments & Condominiums), by Price Band (Affordable Housing, Mid-Market, and Luxury), by Mode of Sale (Primary (New-Build), and More), and by Key Cities (SĂŁo Paulo, BrasĂlia, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.
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According to Cognitive Market Research, The Global Ready to Move in Luxury Homes Market size is USD 600.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030.
Remote work fueled demand for Ready to Move-in Luxury Homes, emphasizing dedicated offices and advanced amenities, creating synergy with the evolving work landscape.
The dominant category in the Ready to Move-in Luxury Homes market is the 1000-3000 square feet segment.
In the ready to move-in luxury homes market, luxury homes dominate.
North America will continue to lead, whereas the Europe Ready to Move in Luxury Homes Market will experience the strongest growth until 2030.
Market Dynamics of the Ready-to-Move-in Luxury Home Market
Remote Work and Low-Interest Rates Drive Surge in Demand for Ready-to-Move-in Luxury Home
The advent of widespread remote work became a driving force for the ready-to-move-in luxury homes market. As companies embraced flexible work arrangements, professionals sought residences that catered to remote work needs. The cause-and-effect relationship unfolded as the demand for homes with dedicated office spaces, high-speed internet, and enhanced amenities surged. The market responded by prioritizing features conducive to remote work, such as spacious home offices and advanced technology infrastructure, creating a symbiotic relationship between the evolving work landscape and the flourishing luxury real estate sector.
Historic Low-Interest Rates Propel Demand for Ready to Move-in Luxury Homes
The ready to move-in luxury homes market experienced a boost driven by historically low-interest rates. As central banks implemented measures to stimulate economies amidst the pandemic, mortgage rates reached unprecedented lows. This led to increased buyer confidence and heightened affordability, catalyzing demand in the luxury real estate sector. The cause-and-effect relationship materialized as favorable financing conditions encouraged prospective buyers to invest in ready-to-move-in luxury homes, fostering a climate of increased transactions and market activity. Low-interest rates emerged as a pivotal driver shaping the positive trajectory of the luxury real estate market.
Restraints of the Ready-to-Move-in Luxury Homes
Supply Chain Disruptions and Construction Slowdown Impacting Ready-to-Move-in Luxury Homes Market
Supply chain disruptions emerged as a significant restraint in the ready to move-in luxury homes market. The cause-and-effect dynamic unfolded as the pandemic disrupted the flow of construction materials and labor, leading to a slowdown in construction activities. Delays in obtaining essential materials and the inability to secure skilled labor hindered project timelines. This restraint underscored the market's vulnerability to external factors affecting the construction industry, impacting the timely delivery of luxury homes and potentially dissuading prospective buyers who sought immediate occupancy.
Impact of COVID-19 on the Ready-to-Move-in Luxury Homes Market
The ready-to-move-in luxury homes market faced a dual impact from the COVID-19 pandemic. Lockdowns and economic uncertainties caused a slowdown in transactions and construction activities. However, as remote work gained prominence, there was a notable shift in demand toward spacious and well-equipped luxury homes. The market adapted by incorporating features like home offices and private amenities. Low interest rates further stimulated demand, leading to a rebound. Despite initial challenges, the pandemic catalyzed a transformation in the luxury real estate sector, aligning offerings with the evolving lifestyle preferences shaped by the new normal.
Opportunity for the growth of the Ready-to-Move-in Luxury Homes Market.
The increasing preference among affluent buyers for hassle-free, immediate occupancy solutions that combine convenience with high-end amenities.
One key opportunity for the growth of the ready-to-move-in luxury homes market lies in the increasing preference among affluent buyers for hassle-free, immediate occupancy solutions that combine convenience with high-end amenities. With rising disposable incomes and evolving lifestyles, especially among urban professionals, HNIs, and NRIs, there is a growing demand for premium properties that are fully constructed, elegantly designed, and equipped with smart home techno...
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TwitterThe Scandinavian residential real estate market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, rapid development in Scandinavian countries, strict regulation by government on zoning, and rising immigration.
For groups of people, individuals, and families the houses are built under residential real estate. The residential type contains townhouses, single-family homes, condominiums, apartments, and other types of living arrangements. The permanent improvements such as bridges, water, fences, trees, homes, minerals, and buildings attached to the land, made by naturally & humans including real estate. Raw land, commercial, residential, industrial, and special uses are five main categories of real estate.
The covid-19 pandemic impacted the Scandinavian residential real estate market. Decreasing supply of raw materials, lockdown across the globe, and supply chain disorders forced companies to close down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
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According to Cognitive Market Research, the global Real Estate Sector market size was USD 3625.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1450.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1087.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 833.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 181.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 72.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Commercial real estate is the fastest-growing segment, driven by economic development, urbanization, and a shift toward modern, multi-use spaces
Market Dynamics of Real Estate Sector Market
Key Drivers Real Estate Sector Market
Urbanization and Population Growth Fueling Demand: The increase in urban migration is driving the need for residential, commercial, and industrial properties. The development of megacities, improved infrastructure, and rising disposable incomes are contributing to the growth of the real estate sector. For instance, the Reserve Bank of India’s low interest rates in 2021 significantly boosted housing demand by 35–40% during the festive period.
Economic Growth and Rising Incomes Facilitating Market Expansion: A robust economy and increasing income levels are allowing for more substantial investments in real estate. The development of infrastructure, enhanced investor confidence, and capital inflows are further driving demand across the residential, commercial, and industrial property sectors.
Key Restraint Real Estate Sector Market
High Construction Costs Impeding Market Growth: The escalating costs of raw materials and labor shortages are raising project expenses and causing delays. Global supply chain disruptions and inflation are also impacting profit margins and making housing less affordable, which in turn is hindering real estate activity.
Key Trends for Real Estate Sector Market
Smart Cities and Sustainable Infrastructure Development: Governments and developers are focusing on smart city initiatives that include green buildings, energy-efficient designs, and technology-integrated infrastructure, thereby improving livability and long-term value in urban real estate markets.
Increasing Demand for Mixed-Use Developments: There is a growing consumer preference for integrated spaces that combine residential, retail, and office units. This trend is transforming urban planning and generating demand for multi-functional real estate projects that cater to convenience and contemporary lifestyles.
Impact of Covid-19 on the Real Estate Sector Market
Covid-19 pandemic significantly impacted the real estate sector, leading to shifts in both demand and operational dynamics. During the early phases of the pandemic, lockdowns and economic uncertainties caused a slowdown in construction activities, delays in project completions, and a decline in property transactions. The residential market experienced a surge in demand for larger homes and properties in suburban areas as people sought more space due to remote work trends. On the other hand, the commercial real estate market, especially office spaces, faced challenges with businesses adopting remote work models, resulting in a reduced demand for office buildings. Introduction of the Real Estate Sector Market
The real estate sector encompasses the development, buying, selling, leasing, and management of land, residential, commercial, and industrial properties. It is a dynamic market driven by a complex mix of factors, including economic conditions, urbanization, demographic shifts, and government policies. Market growth in the real estate sector is primarily influenced by factors such as population growth, increasing urbanization...
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City staff and community partners work together to survey people experiencing homelessness in Ottawa. So far, the City has led two counts:April 2018October 2021Oct 2024The survey is conducted to gather information about people experiencing homelessness. The goal of this work is to guide new approaches to address homelessness at a local level and help in the planning and delivery of services.Date created: 28 April 2022Update frequency: As needed.Accuracy: Convenience sampling was used to recruit survey respondents. This method of recruiting respondents to answer the survey does not rely on a random selection process. Instead, surveyors approach potential respondents if they are close by at the time the surveyor is delivering the questionnaire. Many factors could determine participation in the survey including:Number of community partners involved in the PiT countLocation of surveyors and their physical proximity to potential respondentsNumber of engagement eventsSeason the survey was conductedDifferences in results between PiT count years may be due to changes within the homeless population and shifts in methodology. For comparisons of emergency shelter use over time, visit the Temporary Emergency Accommodations Dashboard. An analysis of factors related to housing and homelessness during COVID-19 provides context for unique housing market conditions during the pandemic.Results shown in the Survey results: Point-in-Time count dashboard are presented by sector. The name and definition of each sector are below:All: All respondents who answered the surveySingle adult: Respondents aged 25 years or older and not accompanied by anyoneUnaccompanied youth: Respondents under 25 years old and not accompanied by anyoneFamily: Respondents accompanied by children under 18 years oldAttributes:Question: The question that was asked in the surveyTopic: The classification of the survey question by themSector: Refers to the population (total, family, unaccompanied youth, single adults)Period: Month the Point-in-Time count was conductedResponse: Response category of the survey questionNumeratorDenominatorPercentage Author: Housing ServicesAuthor email: pitcount_denombrementponctuel@ottawa.ca
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Over the past five years, online large kitchen appliance sales operators benefited from steady growth, as both rising e-commerce sales and rebounding construction activity boosted demand for operator goods. Sales of major appliances rely heavily on activity within the housing market, a trend that positively boosted operators as growth in housing starts and remodeling activity spiked during COVID-19. A further shift toward e-commerce kept revenue growth steady throughout the entirety of the five-year period. These trends caused revenue to grow at a CAGR of 12.3% to an estimated $13.2 billion, including an estimated 0.4% slip in 2023, as high inflation dampens discretionary consumer activity.Over the past five years, e-commerce sales spiked at a CAGR of 13.6% due to the growing ease and accessibility of online shopping. Although consumers are often more cautious when buying appliances and other large durable goods on the internet, the ability to compare prices and product reviews have made online operators an increasingly attractive option. Online retailers are typically able to pass on low transportation costs and reduced inventory costs to consumers, lowering the price of operator products. Support via government incentives, such as consumer rebates on the Energy Star-qualified appliances, helped spur further demand over the past five years. The growing popularity of Wi-Fi-enabled “smart appliances” has also driven sales forward, as rising consumer confidence drives more high-value purchases. Operators have also increasingly invested in marketing to attract more customers, including offering free-shipping and installation. These trends, coupled with steady growth in disposable income among consumers, benefited profit during the five-year period.Over the next five years, revenue is forecast to continue its upward trend, growing at a CAGR of 3.4% to an estimated $15.6 billion. These trends are expected to encourage more brick-and-mortar establishments to engage in online activities, thereby attracting new companies to the market. The shift toward e-commerce is also expected to make the existing competitive environment more intense. To compete, operators are expected to expand their service offering and provide amenities such as free or discounted shipping and installation.
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TwitterResidential real estate transactions saw both a decline as well as an increase during the coronavirus pandemic in 2020, depending on the country. In Denmark, for example, property sales increased by over ***** percent year-on-year in the second quarter of 2020. This was in stark contrast to the United Kingdom, where provisional and non-seasonal data suggested the country saw one of its largest drops in housing transactions since 2009. Some countries, on the other hand, already witnessed a decrease in their transactions before COVID-19 hit Europe. The housing trade inFrance, for example, suffered a large decrease in the first quarter of 2020, right before quarantine measures were enforced. Data for Germany, on the other hand, suggested that its housing market was still growing before the lockdown. Whether this was still the case in 2020 remains to be seen.