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The post-pandemic boom is shifting and Savills agents globally are having new conversations with prospective buyers
After the boom immediately post-pandemic, it appears that the speed of growth might be slowing. When asked how their active buyers were feeling about the market in the coming years, the mood is one of caution as some buyers may look to wait out the current uncertainty.
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Source: Savills Research using SurveyMonkey
When asked how they are approaching conversations with their buyers currently, given the shift in buyer sentiment to one of slightly more caution, many agents reported stressing the value of property as a long-term investment along with the potential for future growth after this period of uncertainty.
How are buyers feeling for the coming years?
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Source: Savills Research using SurveyMonkey
Though some may be looking to pause their plans in the immediate short-term because of ongoing uncertainty, it looks likely that many, if not most, buyers will re-enter the markets once they have had time to absorb the changes. After a period of time, the current state of affairs will become the ‘new normal’ and many prospective buyers will likely feel more comfortable re-entering the market.