Hard for Property Market to Function, Says Rightmove’s Shipside

The video discusses the challenges faced by the real estate market during lockdown, highlighting the difficulty in physically viewing properties. It explores the rise of virtual viewings and their role in maintaining market activity. The video also emphasizes the importance of safety measures and innovations, such as virtual valuations, to adapt to the new normal. These changes are driven by the need to ensure safety and efficiency in the real estate sector amid the coronavirus pandemic.

What is one of the main challenges faced by the real estate market during the pandemic?

• Increase in property taxes

• Lack of online property listings

• Inability to physically view properties

• Decrease in property prices

How has the pandemic affected the use of virtual viewings in real estate?

• Virtual viewings are no longer used

• Virtual viewings have remained the same

• Virtual viewings have decreased

• Virtual viewings have gained more prominence

What is a potential benefit of virtual valuations mentioned in the transcript?

• They increase the number of properties sold

• They allow for more accurate property measurements

• They reduce the number of agents visiting a property

• They eliminate the need for any physical visits

What is a key factor for real estate agencies to consider when reopening?

• Increasing property prices

• Eliminating virtual viewings

• Reducing the number of staff

• Ensuring safety and social distancing

What change in behavior is expected from sellers and buyers post-pandemic?

• They will prefer more physical viewings

• They will stop using virtual tools

• They will avoid online research

• They will continue to prioritize safety