Empirical studies of the fallout from natural and nuclear disasters show that such shocks need not impair production capacity on a lasting basis. Industry noticed the consequences of the production halt in China at an early stage, but the restrictions in the eurozone – our biggest trading partner – are causing even greater problems. Following are some of the important points why online selling/buying of the property is better. Seed sales soar as more of us become budding gardeners. According to various reports a steep decline in European real estate investment has been noticed and the indicators suggest a sharp Covid-19 downturn in coming months. We gebruiken cookies om er zeker van te zijn dat je onze website zo goed mogelijk beleeft. We expect gross domestic product (GDP) to shrink roughly 3.5% this year. In addition to this, the report finds that the GDP level at the end of 2021 will be still below the level at the end of 2019. The hope, therefore, is that as lockdown restrictions continue to be lifted, economies and housing markets will rebound. "And at the moment incomes are obviously being hit by furloughs, and then there will be a squeeze on spending in a recession.". Many of these flexible employees will now be given less hours or jobs. In addition to this, across various locations in Europe, tenants have been offered mortgages and rent holidays. Moreover, the DNB will give temporary assistance to banks to help credit lending to the economy and absorb any potential spike in loan loss provisions. At a time when the Real Estate is suffering from the effects of Covid19, countries have come with their own policies to deal with it. Overall, the property market has two things going for it even in these rapidly changing times. We think that growth will not start climbing to a higher level until 2021. 200327-Impact-corona-crisis-on-the-Dutch-economy-final.pdf (341 KB), Economy: Covid-19 (Corona) Eurozone Global US, by: This was at the same time as putting in place a host of measures to support households and businesses, such as the worker furloughing scheme. In addition, the Netherlands is relatively well-prepared for a recession. It saves their money as there is no third party involved. The real estate sector, by contrast, is not expected to suffer until a later stage, notably as house and office prices are relatively slow to respond to the current situation. On average, some 2.5% of total goods exports from the Netherlands go to China, while some 9% of total goods imports into the Netherlands come from China. On 27 February the National Institute for Public Health and the Environment (RIVM) reported the first corona infection in the Netherlands.