Covid-19 crisis: Real estate sentiment hits all-time low in March quarter

The survey found that the current and future sentiment score has nosedived to the lowest levels in Q1 2020 in the wake of the ongoing Covid-19 outbreak.

The sentiment in the real estate industry touched an all-time low in the March quarter due to Covid-19 crisis, said a survey.
 

According to Knight Frank-Ficci-Naredco Real Estate Sentiment Index Q1 2020 Survey, the sentiment (of developers and lenders) that showed signs of revival during the October-December quarter of 2019 has suffered a setback because of the Covid-19 crisis, with both current and future sentiment index falling to an all-time low in pessimistic zone.
 

More than 60 per cent of the stakeholders (developers and lenders) have opined that the current situation will affect residential launches, sales and prices in the