How will property markets change in the 2020s? Last week, we focused on the impact of climate change, the growing corporatisation of housing, and the rise of modular construction. In the series’ concluding part, we look at three more trends that will shape the next 10 years.
1. Housing will no longer be a safe bet for investors
Sunny Mehat has been trying to sell his two-bedroom apartment in Vancouver for six months. It has not been easy. In 2016, prices in the Canadian city rose 30 per cent, but now it is a different story. In the past year, prices have fallen by more than 7 per cent, according to the Real Estate Board of Greater Vancouver.
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