How Virtual Reality is Changing the field of Real estate
At the opening of the year, the real estate division that was already going through a dull time of a slowdown was holding great hope in 2020. The Residential and Commercial Real estate sector was expecting a revival. The markets showed signs of Statistical growth in the first quarter and it seemed that the rise would keep up the momentum. However, as the nationwide lockdown was commanded in March, the adverse impact was visible in the $180 billion premium housing market as well. COVID-19 has been a destabilizing agent since. In most major markets, sales have plunged by around 60 percent in the last half of the year. As business activities were held back across the country, the sector will continue to suffer from muted demand for some more time and it may take at least two quarters to normalize. Speaking of which, here are some trends that are sure to stay: The pandemic has resulted in digitization and huge technological adoption in th...