Real estate struggle in the pandemy environment
Real estate and development are the industries most adversely affected by the pandemic. Office real estate, does not just fall in price, it partially ceases to be relevant at all. The business got a taste of saving on the rent of office space. Only a significant loss of efficiency resulting from remote working can force him to return employees to expensive offices. But here IT is never asleep, providing an ever wider range of tools for remote work and meetings.
What remains for developers? Probably, to combine working, living and even leisure spaces. This means that the consumer needs living spaces that can create comfortable conditions for work, and to maintain physical fitness and entertain. An Investwing project in Moscow suburbs is designed on this assumption - the planned suburban housing is adapted to the realities at the peak of demand and is unlikely to ever lose its relevance.
Loss of attachment to offices allows employees to choose a place to live. Climate, cost of living, housing quality and other factors are becoming the priorities. This is what we focused on when developing the Baliwing project in Bali, Indonesia.