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Is Coronavirus Epidemic a threat to the Real Estate industry?

By Nitin Gangwar 24th March 2020

The current COVID- 19 spread has shown its harsh consequences to the world. If we talk about its miserable effects on businesses, we have a sad report in our hands. With the people adopting to quarantine themselves to avoid the unexpected infection of Coronavirus, many businesses’ revenue is at stake. Talking religiously about the Real Estate Market, it has its own share of ups and downs with the exposure of COVID-19.
Looking at the wider picture, it could be said that as compared to other businesses, the real estate business has not come to a complete halt. With a few adjustments of its own, the business is doing fairly well in some cases. 
Prior to this Corona situation, things were totally different. There were many of the site visits, price negotiations, optional properties and many more! But now things have changed drastically.  With a little shaken-up real estate market, plunging economy, greater uncertainty of future income, there is a hike in upended decisions of both; buyers and sellers.

How Coronavirus is impacting the statistics of the real estate market?

As per the reports generated by real estate analysts, unlike other markets, the real estate market would remain insulated with the Coronavirus recession. Though the choices of people to confine themselves to a safer and isolated place would impact the frequency of on-site visits, it most likely changes the behavior of customers buying and selling their homes only. 

What measures could be taken to prop up the real estate market tumbling?
There is no gradual fallout in the economy of the real estate market worldwide till now but the future is still unpredictable. One has to back-up his real estate plans in a way that they could shield the operations from this fatal attack of the Coronavirus. But as of now, there is no negative fallout to the industry but at the same time, one needs to be cautious too!

As we discussed above, one needs to have its own set of underpinnings to support and combat the situation at the best. The looming recession could be tackled diligently with the assistance of technology.

Apart from dealing with the operations of the real estate market, one needs to push himself to focus on the sidelines that could now empower the businesses for the best. 

Here’s how online real estate marketplace can shape the future of the market
You must have heard a couple of times about online businesses. Many of people prefer to buy groceries, apparel, and other house-hold things via an online platform. Then, why not a house? Yes, don’t be surprised! A buyer buying journey has been swiftly moved to an online platform from an offline one. People are comfortable putting their trust vote for online shopping. It’s time to overshadow the stereotypes mindset of mandatory site visiting, before making a hefty investment. 

Build your own real estate marketplace and connect with your potential property buyers via a click. It might sound little offbeat to many, but this is the upcoming reality of a booming market. Make sure you follow the trend and stay in the competitive race for a longer period of time.

Tiger: Connecting the Buyers to the Sellers

Tiger is your next destination to keep your real estate sales high irrespective of any toxic spread of coronavirus. From offering you an unique marketplace to showcase the properties to allow you to make a prompt deal, we have covered all for you. Get an insight into how Tiger helps you in building your own space to sell the space at great pace. 

Customize the way, you want

Every property of yours is different, so are its clients. It is important for you to ensure that you get an abundant space to showcase them in your own way. Tiger allows you the same. You can design and fully customize your rental marketplace as per the requirements. The higher scalability of the platform makes it a seamless feature to grow your business via online portal. 

Enlist your properties

When you customize your rental place, we give you a chance to enlist and broadcast each and every property in a way that its potential buyers will find you by themselves. We help you to list all your properties with a single marketplace. 

Get complete tech support

To make sure that you are offered complete assistance from scratch till the time your business reaches the sky, we are here to help you in the best way possible. 

And you are good to go!
Get your real estate business live on the online marketplace via Tiger and you are all set to keep rocking with high sales in your real estate business. We help in reducing the distance virtually between your buyers and properties via Tiger. For more information, feel free to get in touch with us.

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