Abstract
As symbolized by vacant office buildings, empty shopping malls and abandoned flats in metropolitan areas, the new coronavirus disease 2019 has severely impacted real estate markets. This paper provides a comprehensive literature review of the latest academic insights into how this pandemic has affected the housing, commercial real estate and the mortgage market. Moreover, these findings are linked to comprehensive statistics of each real estate sector’s performance during the crisis. Finally, the paper includes an outlook and discusses possible future developments in each real estate segment.
Highlights
The failure to contain a new respiratory disease, named coronavirus disease 2019 or COVID-19, results in a global pandemic in March 2020
Switzerland 2 Centre for European Economic Research (ZEW), Mannheim, Germany 3 Center for Real Estate and Environmental Economics, NTNU Business School, Trondheim, Norway buildings, home offices, empty shopping malls and promenades, closed restaurants, silent bars as well as clubs become symbols of social distancing and the limitation of interactions among people. These restrictions are effective in controlling the spread of the disease, shutdowns go in hand with a global economic crisis despite a wide range of economic support measures
Real estate markets, including residential and commercial real estate, as well as mortgage markets are confronted with unprecedented challenges
Summary
The failure to contain a new respiratory disease, named coronavirus disease 2019 or COVID-19, results in a global pandemic in March 2020. Buildings, home offices, empty shopping malls and promenades, closed restaurants, silent bars as well as clubs become symbols of social distancing and the limitation of interactions among people These restrictions are effective in controlling the spread of the disease, shutdowns go in hand with a global economic crisis despite a wide range of economic support measures. This paper contributes to this recent strand of literature by providing a qualitative meta-analysis It does so by condensing the most important papers’ findings on this topic and by relating these results to relevant market indicators. The third, fourth and fifth sections start summarizing recent empirical findings on how COVID-19 affects commercial and residential real estate as well as mortgages, respectively.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
