06. April 2020
Svoboda & Williams Continues to Offer a Full Range of Services
The first COVID-19 case in the Slovak Republic was confirmed on March 6th, 2020. Since then, more than a month has passed and it’s been 3 weeks since a state of emergency was declared. Despite these circumstances, Svoboda & Williams has adapted to the situation and provided its services in full throughout the month of March.
The Slovak team of the Svoboda & Williams real estate agency is complete and continues to be ready to provide all of our services as usual. Every segment of the real estate market without exception had to adapt to the current situation. Svoboda & Williams’ real estate agents offer real-time video property viewings through video calls, and many clients have taken advantage of this option. Our residential rental department responded by offering Flexi Rentals that reflects the new market demands.
In March, the Residential Sales Department registered a 25-35% drop in demand. The number of newly signed reservation contracts also fell by the same amount in the same time period. It’s a good market for opportunistic investors, who can now benefit from discounts that would normally not be available. For real estate agencies, the situation is not as bleak as the media makes it seem. However, one thing is already clear: the post-coronavirus market will a buyer’s and tenant’s market, at least for some time.