The Impact of Covid-19 on Real Estate Markets: How the Pandemic is Shaping the Future of Property Investment. – BPL

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data-settings="{"_ob_use_container_extras":"no","_ob_column_hoveranimator":"no","_ob_glider_is_slider":"no","_ob_column_has_pseudo":"no"}"> <div class="e-con-inner"> <div class="elementor-element elementor-element-1f83973 e-con-full e-flex e-con e-parent" data-id="1f83973" data-element_type="container" data-settings="{"_ob_use_container_extras":"no","_ob_column_hoveranimator":"no","_ob_glider_is_slider":"no","_ob_column_has_pseudo":"no"}"> <div class="elementor-element elementor-element-184c01b ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading" data-id="184c01b" data-element_type="widget" data-settings="{"_ob_use_harakiri":"yes","_ob_harakiri_writing_mode":"inherit","_ob_harakiri_text_clip":"none","_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.23.0 - 05-08-2024 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}</style><h2 class="elementor-heading-title elementor-size-default">Our Vision</h2> </div> </div> <div class="elementor-element elementor-element-f3a26ed ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor" data-id="f3a26ed" data-element_type="widget" data-settings="{"_ob_use_harakiri":"yes","_ob_harakiri_writing_mode":"inherit","_ob_postman_use":"no","_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>To be the preferred provider of world class services in the built environment industry in Nigeria.</p> </div> </div> <div class="elementor-element elementor-element-1ffe6d0 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading" data-id="1ffe6d0" data-element_type="widget" data-settings="{"_ob_use_harakiri":"yes","_ob_harakiri_writing_mode":"inherit","_ob_harakiri_text_clip":"none","_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Our Mission</h2> </div> </div> <div class="elementor-element elementor-element-ad94458 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor" data-id="ad94458" data-element_type="widget" data-settings="{"_ob_use_harakiri":"yes","_ob_harakiri_writing_mode":"inherit","_ob_postman_use":"no","_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>To consistently deliver quality real estate services, driven by professionalism and excellent relationships with our stakeholders.</p> </div> </div> <div class="elementor-element elementor-element-8b4849c ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading" data-id="8b4849c" data-element_type="widget" data-settings="{"_ob_use_harakiri":"yes","_ob_harakiri_writing_mode":"inherit","_ob_harakiri_text_clip":"none","_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Selling Now</h2> </div> </div> <div class="elementor-element elementor-element-97a9aab premium-blog-cta-full-yes premium-blog-align-left ob-has-background-overlay elementor-widget elementor-widget-premium-addon-blog" data-id="97a9aab" data-element_type="widget" data-settings="{"premium_blog_carousel":"yes","premium_blog_carousel_play":"yes","slides_to_scroll":8,"premium_blog_carousel_center":"yes","premium_blog_columns_number":"100%","premium_blog_carousel_dots":"yes","premium_blog_grid":"yes","premium_blog_layout":"even","premium_blog_columns_number_tablet":"50%","premium_blog_columns_number_mobile":"100%","premium_blog_carousel_autoplay_speed":5000,"carousel_speed":300,"premium_blog_carousel_spacing":"15","_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="premium-addon-blog.default"> <div class="elementor-widget-container"> <div class="premium-blog-wrap premium-blog-even premium-carousel-hidden" data-page="1335"> <div class="premium-blog-post-outer-container" data-total="1"> <div class="premium-blog-post-container premium-blog-skin-classic"> <div class="premium-blog-thumb-effect-wrapper"> <div class="premium-blog-thumbnail-container premium-blog-zoomin-effect"> <img width="960" height="544" src="https://briscoeproperties.com/wp-content/uploads/2024/04/661fcac0c677e.webp" class="attachment-full size-full wp-image-1981" alt="Jasmine Court 1" /> </div> <div class="premium-blog-thumbnail-overlay"> <a class="elementor-icon" href="https://briscoeproperties.com/jasmine-court/" target="_blank" aria-hidden="true"><span>JASMINE COURT</span></a> </div> </div> <div class="premium-blog-content-wrapper "> <div class="premium-blog-inner-container"> <h2 class="premium-blog-entry-title"> <a href="https://briscoeproperties.com/jasmine-court/" target="_blank"> JASMINE COURT </a> </h2> <div class="premium-blog-entry-meta"> <span class="premium-blog-meta-separator">•</span> <div class="premium-blog-post-categories premium-blog-meta-data"> <i class="fa fa-align-left fa-fw" aria-hidden="true"></i> <a href="https://briscoeproperties.com/category/available-properties/" rel="category tag">Available Properties</a>, <a href="https://briscoeproperties.com/category/now-selling/" rel="category tag">Now Selling</a> </div> </div> </div> <div class="premium-blog-content-inner-wrapper"> <p class="premium-blog-post-content">Welcome to Jasmine Court, an exquisite testament to modern luxury and refined living. Nestled in an idyllic setting, this architectural masterpiece stands as a symbol of elegance and sophistication.</p><div class="premium-blog-excerpt-link-wrap"><a href="https://briscoeproperties.com/jasmine-court/" target="_blank" class="premium-blog-excerpt-link elementor-button">Read More »</a></div> </div> </div> </div> </div> <div class="premium-blog-post-outer-container" data-total="1"> <div class="premium-blog-post-container premium-blog-skin-classic"> <div class="premium-blog-thumb-effect-wrapper"> <div class="premium-blog-thumbnail-container premium-blog-zoomin-effect"> <img width="960" height="544" src="https://briscoeproperties.com/wp-content/uploads/2024/04/661fe8f32a9ef.webp" class="attachment-full size-full wp-image-2022" alt="Orchid Court House 20 (3 bedroom) (1)" /> </div> <div class="premium-blog-thumbnail-overlay"> <a class="elementor-icon" href="https://briscoeproperties.com/orchid-court-flat-20-ikeja/" target="_blank" aria-hidden="true"><span>ORCHID COURT FLAT 20, IKEJA</span></a> </div> </div> <div class="premium-blog-content-wrapper "> <div class="premium-blog-inner-container"> <h2 class="premium-blog-entry-title"> <a href="https://briscoeproperties.com/orchid-court-flat-20-ikeja/" target="_blank"> ORCHID COURT FLAT 20, IKEJA </a> </h2> <div class="premium-blog-entry-meta"> <span class="premium-blog-meta-separator">•</span> <div class="premium-blog-post-categories premium-blog-meta-data"> <i class="fa fa-align-left fa-fw" aria-hidden="true"></i> <a href="https://briscoeproperties.com/category/facility-management/" rel="category tag">Facility Management</a>, <a href="https://briscoeproperties.com/category/now-selling/" rel="category tag">Now Selling</a>, <a href="https://briscoeproperties.com/category/property-development/" rel="category tag">Property Development</a>, <a href="https://briscoeproperties.com/category/property-management/" rel="category tag">Property Management</a> </div> </div> </div> <div class="premium-blog-content-inner-wrapper"> <p class="premium-blog-post-content">ORCHID COURT IKEJA GRA is a private residential development of 25 residential housing units of various types comprising flats, terraced houses, Semi-detached and detached houses.</p><div class="premium-blog-excerpt-link-wrap"><a href="https://briscoeproperties.com/orchid-court-flat-20-ikeja/" target="_blank" class="premium-blog-excerpt-link elementor-button">Read More »</a></div> </div> </div> </div> </div> <div class="premium-blog-post-outer-container" data-total="1"> <div class="premium-blog-post-container premium-blog-skin-classic"> <div class="premium-blog-thumb-effect-wrapper"> <div class="premium-blog-thumbnail-container premium-blog-zoomin-effect"> <img loading="lazy" width="960" height="544" src="https://briscoeproperties.com/wp-content/uploads/2024/04/661fb2263f222.webp" class="attachment-full size-full wp-image-1934" alt="Abimbola Court 1" /> </div> <div class="premium-blog-thumbnail-overlay"> <a class="elementor-icon" href="https://briscoeproperties.com/abimbola-court/" target="_blank" aria-hidden="true"><span>ABIMBOLA COURT</span></a> </div> </div> <div class="premium-blog-content-wrapper "> <div class="premium-blog-inner-container"> <h2 class="premium-blog-entry-title"> <a href="https://briscoeproperties.com/abimbola-court/" target="_blank"> ABIMBOLA COURT </a> </h2> <div class="premium-blog-entry-meta"> <span class="premium-blog-meta-separator">•</span> <div class="premium-blog-post-categories premium-blog-meta-data"> <i class="fa fa-align-left fa-fw" aria-hidden="true"></i> <a href="https://briscoeproperties.com/category/now-selling/" rel="category tag">Now Selling</a> </div> </div> </div> <div class="premium-blog-content-inner-wrapper"> <p class="premium-blog-post-content">The 5-bedroom terraced duplex with a BQ is on two floors. It is located within a private estate of only 10 units within a serene area of Opebi. Residents enjoy proximity to Spar supermarket, Ikeja City Mall, Sheraton Hotel, Maryland and Ikeja airport all within 10-15mins drive.</p><div class="premium-blog-excerpt-link-wrap"><a href="https://briscoeproperties.com/abimbola-court/" target="_blank" class="premium-blog-excerpt-link elementor-button">Read More »</a></div> </div> </div> </div> </div> <div class="premium-blog-post-outer-container" data-total="1"> <div class="premium-blog-post-container premium-blog-skin-classic"> <div class="premium-blog-thumb-effect-wrapper"> <div class="premium-blog-thumbnail-container premium-blog-zoomin-effect"> <img loading="lazy" width="960" height="544" src="https://briscoeproperties.com/wp-content/uploads/2024/04/661fcb6952c61.webp" class="attachment-full size-full wp-image-1985" alt="Lekki Paradise Estate 1 - 1" /> </div> <div class="premium-blog-thumbnail-overlay"> <a class="elementor-icon" href="https://briscoeproperties.com/lekki-paradise-3/" target="_blank" aria-hidden="true"><span>LEKKI PARADISE 3</span></a> </div> </div> <div class="premium-blog-content-wrapper "> <div class="premium-blog-inner-container"> <h2 class="premium-blog-entry-title"> <a href="https://briscoeproperties.com/lekki-paradise-3/" target="_blank"> LEKKI PARADISE 3 </a> </h2> <div class="premium-blog-entry-meta"> <span class="premium-blog-meta-separator">•</span> <div class="premium-blog-post-categories premium-blog-meta-data"> <i class="fa fa-align-left fa-fw" aria-hidden="true"></i> <a href="https://briscoeproperties.com/category/available-properties/" rel="category tag">Available Properties</a>, <a href="https://briscoeproperties.com/category/now-selling/" rel="category tag">Now Selling</a> </div> </div> </div> <div class="premium-blog-content-inner-wrapper"> <p class="premium-blog-post-content">3 bedroom Terraced House on two floors with a room BQ at Lekki Paradise Estate 1, Chevron Drive, Lekki – Epe Express Way, Lagos</p><div class="premium-blog-excerpt-link-wrap"><a href="https://briscoeproperties.com/lekki-paradise-3/" target="_blank" class="premium-blog-excerpt-link elementor-button">Read More »</a></div> </div> </div> </div> </div> <div class="premium-blog-post-outer-container" data-total="1"> <div class="premium-blog-post-container premium-blog-skin-classic"> <div class="premium-blog-thumb-effect-wrapper"> <div class="premium-blog-thumbnail-container premium-blog-zoomin-effect"> <img loading="lazy" width="960" height="544" src="https://briscoeproperties.com/wp-content/uploads/2024/04/661fd1e6bc13b.webp" class="attachment-full size-full wp-image-2011" alt="Osborne Phase 2 Terraced House 2" /> </div> <div class="premium-blog-thumbnail-overlay"> <a class="elementor-icon" href="https://briscoeproperties.com/osborne-foreshore-2/" target="_blank" aria-hidden="true"><span>OSBORNE FORESHORE 2</span></a> </div> </div> <div class="premium-blog-content-wrapper "> <div class="premium-blog-inner-container"> <h2 class="premium-blog-entry-title"> <a href="https://briscoeproperties.com/osborne-foreshore-2/" target="_blank"> OSBORNE FORESHORE 2 </a> </h2> <div class="premium-blog-entry-meta"> <span class="premium-blog-meta-separator">•</span> <div class="premium-blog-post-categories premium-blog-meta-data"> <i class="fa fa-align-left fa-fw" aria-hidden="true"></i> <a href="https://briscoeproperties.com/category/available-properties/" rel="category tag">Available Properties</a>, <a href="https://briscoeproperties.com/category/now-selling/" rel="category tag">Now Selling</a> </div> </div> </div> <div class="premium-blog-content-inner-wrapper"> <p class="premium-blog-post-content">3bedroom Terraced House on three floors with a room BQ at Royal Plan Drive, Osborne Phase 2, Ikoyi, Lagos</p><div class="premium-blog-excerpt-link-wrap"><a href="https://briscoeproperties.com/osborne-foreshore-2/" target="_blank" class="premium-blog-excerpt-link elementor-button">Read More »</a></div> </div> </div> </div> </div> <div class="premium-blog-post-outer-container" data-total="1"> <div class="premium-blog-post-container premium-blog-skin-classic"> <div class="premium-blog-thumb-effect-wrapper"> <div class="premium-blog-thumbnail-container premium-blog-zoomin-effect"> <img loading="lazy" width="370" height="230" src="https://briscoeproperties.com/wp-content/uploads/2023/05/orchid3bed.jpg" class="attachment-full size-full wp-image-726" alt="Orchid Court 3 Bed" /> </div> <div class="premium-blog-thumbnail-overlay"> <a class="elementor-icon" href="https://briscoeproperties.com/orchid-court-flat-21/" target="_blank" aria-hidden="true"><span>ORCHID COURT FLAT 21</span></a> </div> </div> <div class="premium-blog-content-wrapper "> <div class="premium-blog-inner-container"> <h2 class="premium-blog-entry-title"> <a href="https://briscoeproperties.com/orchid-court-flat-21/" target="_blank"> ORCHID COURT FLAT 21 </a> </h2> <div class="premium-blog-entry-meta"> <span class="premium-blog-meta-separator">•</span> <div class="premium-blog-post-categories premium-blog-meta-data"> <i class="fa fa-align-left fa-fw" aria-hidden="true"></i> <a href="https://briscoeproperties.com/category/now-selling/" rel="category tag">Now Selling</a> </div> </div> </div> <div class="premium-blog-content-inner-wrapper"> <p class="premium-blog-post-content">ORCHID COURT IKEJA GRA is a private residential development of 25 residential housing units of various types comprising flats, terraced houses, Semi-detached, and detached houses. The property is located on Michael Ogun Street in GRA Ikeja.</p><div class="premium-blog-excerpt-link-wrap"><a href="https://briscoeproperties.com/orchid-court-flat-21/" target="_blank" class="premium-blog-excerpt-link elementor-button">Read More »</a></div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-5fc285d e-con-full e-flex e-con e-parent" data-id="5fc285d" data-element_type="container" data-settings="{"_ob_use_container_extras":"no","_ob_column_hoveranimator":"no","_ob_glider_is_slider":"no","_ob_column_has_pseudo":"no"}"> <div class="elementor-element elementor-element-262abdc ob-has-background-overlay elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading" data-id="262abdc" data-element_type="widget" data-settings="{"_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="theme-post-title.default"> <div class="elementor-widget-container"> <h1 class="elementor-heading-title elementor-size-default">The Impact of Covid-19 on Real Estate Markets: How the Pandemic is Shaping the Future of Property Investment.</h1> </div> </div> <div class="elementor-element elementor-element-38b2907 ob-has-background-overlay elementor-widget elementor-widget-post-info" data-id="38b2907" data-element_type="widget" data-settings="{"_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="post-info.default"> <div class="elementor-widget-container"> <link rel="stylesheet" href="https://briscoeproperties.com/wp-content/plugins/elementor-pro/assets/css/widget-theme-elements.min.css?ver=1723909855"> <ul class="elementor-inline-items elementor-icon-list-items elementor-post-info"> <li class="elementor-icon-list-item elementor-repeater-item-5ab383a elementor-inline-item" itemprop="datePublished"> <span class="elementor-icon-list-icon"> <i aria-hidden="true" class="fas fa-calendar"></i> </span> <span class="elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date"> <time>May 3, 2023</time> </span> </li> </ul> </div> </div> <div class="elementor-element elementor-element-f3396e9 ob-has-background-overlay elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image" data-id="f3396e9" data-element_type="widget" data-settings="{"_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="theme-post-featured-image.default"> <div class="elementor-widget-container"> <img loading="lazy" width="768" height="665" src="https://briscoeproperties.com/wp-content/uploads/2023/05/african-american-woman-posing-with-facial-mask-protect-from-infections-from-bacteria-viruses-epidemics-768x665.jpg" class="attachment-medium_large size-medium_large wp-image-1215" alt="african american woman posing with facial mask protect from infections from bacteria viruses epidemics" /> </div> </div> <div class="elementor-element elementor-element-801edaa ob-has-background-overlay elementor-widget elementor-widget-author-box" data-id="801edaa" data-element_type="widget" data-settings="{"_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="author-box.default"> <div class="elementor-widget-container"> <div class="elementor-author-box"> <div class="elementor-author-box__text"> <div > <h4 class="elementor-author-box__name"> By BPL Editorials </h4> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-0e08c52 ob-has-background-overlay elementor-widget elementor-widget-theme-post-content" data-id="0e08c52" data-element_type="widget" data-settings="{"_ob_postman_use":"no","_ob_widget_stalker_use":"no","_ob_poopart_use":"yes","_ob_shadough_use":"no","_ob_allow_hoveranimator":"no"}" data-widget_type="theme-post-content.default"> <div class="elementor-widget-container"> <p>The Covid-19 pandemic has had a profound impact on many aspects of society, and the real estate market is no exception. As the world continues to grapple with the ongoing effects of the pandemic, property investors and industry experts alike are looking at how the virus has impacted the real estate market, and what the future holds for property investment.</p> <p>In this article, we will explore the impact of Covid-19 on the real estate market and how the pandemic is shaping the future of property investment.</p> <p>The Initial Impact</p> <p>The initial impact of the Covid-19 pandemic on the real estate market was immediate and severe. In many countries, governments implemented strict lockdown measures, which led to a significant decrease in demand for commercial and residential properties. The shutdown of many businesses also led to a sharp decline in the demand for commercial real estate.</p> <p>In the residential market, the pandemic also caused a change in preferences for homebuyers. With the shift towards remote work, many people began to prioritize larger homes with more outdoor space. This led to a surge in demand for suburban and rural properties, while demand for city-center properties decreased.</p> <p>The Impact on Property Values</p> <p>The pandemic also had a significant impact on property values. In many markets, property values decreased as a result of the economic uncertainty caused by the pandemic. However, in other markets, such as those with limited supply, property values remained stable or even increased.</p> <p>One factor that has influenced property values is interest rates. 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The Impact of Covid-19 on Real Estate Markets: How the Pandemic is Shaping the Future of Property Investment. – BPL | Briscoe Properties Limited