No visits. There are also no meetings, no new clients or business contacts. Nothing. Or practically nothing. The country's real estate agencies continue to be closed to the public after the state of alarm for him coronavirus and only urgent operations are signed before a notary, pre-managed by phone or email.

Faced with this unexpected situation, real estate companies make calculations of what the pandemic will mean for them. There will be closings, it is unavoidable. «We estimate that two out of ten real estate they will have to cease their activity because of the coronavirus », warn from the National Federation of Real Estate Agencies (DO).

For the moment, many agencies have already had to 'make difficult and complex decisions and have submitted ERTE to, in many cases, minimize damage to templates and for workers; and for the recovery, in a key sector for the economy, not as expensive as the crisis of 2008, since we are talking about a conjunctural and non-structural crisis », says the FAI.

The Federation distinguishes between real estate companies that are dedicated to the exclusive activity of buying and selling - which are practically paralyzed - and those that combine buying and selling with rentals - blocked between a 70% and 80%-. In both cases, the management of the agencies is reduced to giving legal solutions to clients who had requested it before the pandemic.

«We are very exposed to the day to day. Many real estate companies work with teams little ones and with variable salaries very necessary for their day to day. The fact of being several weeks without activity will lead to the closure of many agencies, especially the smaller ones », adds Jose María Alfaro to OKDIARIO.

In another group are the luxury real estate. Its client portfolio is mainly made up of foreigners who have also stopped traveling and investing in our country. Everything is stopped.

Business rental

The National Federation of Real Estate Agencies regret the inaction of the Government regarding business leases. «No effective measure has been articulated for the rental of offices, locals or ships, and that is going to be a great added problem for many families that depend on these businesses ».

In general terms, The Federation believes that the latest measures of the Executive in matters of rent "fall short". Thus, claim a reduction of up to 50% on the taxes levied on housing transfers o direct state aid for the payment of rents based on the income and vulnerability of each person, among others.

Source: okdiario.com

 

We use our own and third-party cookies to improve the user experience through browsing.. If you continue browsing you accept its use.

Sign In

Register

Reset Password

Please enter your username or email address, you will receive a link to create a new password via email.