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Homebuyers want bigger, more airy houses in wake of Covid-19

HOME & AWAY
By Reuters | December 5th 2020

After Spain’s stringent coronavirus lockdown trapped many in cramped urban flats, builders and architects say demand for new homes with more space, better air quality and higher security has soared.

From state-of-the-art ventilation systems to comfy at-home workspaces and more outdoor areas, the Covid-19 crisis has changed the market, real estate agents say.

“Space usage is a new theme: dividing what comes from outside and could be contaminated,” said Madrid-based architect Jaime Pablo. There are no official Covid-safe labels for buildings yet, but people crave bigger, brighter, more multi-purpose spaces, Pablo said.

Designing interiors in the pandemic era is about creating areas to hang and sanitise masks, or removing walls and putting in dividers, he said, for instance, to integrate a home office into a kitchen.

“People now... want luminous, open remote workspaces, even if it costs them square metres,” said Ander Echeverria, the founder of 100x100 Madera, a building company specialising in all-wood, low-emission homes. Echeverria said enquiries had near-quadrupled over the past four months. Sales have more than doubled from last year’s levels and he projects them to near-triple by the end of the year.

“About 90 per cent of client requests since spring included queries about ventilation systems,” said Echeverria, tapping a screen in his showhouse kitchen which displays the air’s CO2 and formaldehyde levels.

While he says his houses fully renew their air in an hour and 10 minutes, Echeverria has had to explain to coronavirus-fearing customers that fitting aeronautical grade filters would be of little use.

“What’s more useful is extracting the indoor air and ejecting it so that when people gather at home suspended air droplets are quickly ejected,” Echeverria said. The pandemic has brought with it an urge for people to protect themselves from the disturbance and contagion risk of close-quarter neighbours, from relying on the outside world and from socio-economic upheaval.

Requests to visit detached homes rose 86 per cent in Madrid and 46per cent in Barcelona from April to September, property portal Fotocasa said last week.

One in every five houses sold in the third quarter were detached, official data from Spain’s College of Registrars showed, forming an unprecedented portion of sales.

“Demand for fully-detached, single-family properties located outside big cities has surged since confinement,” said David Martinez, CEO of real estate developer Aedas Homes, which sold 31.5 per cent more detached homes from July to October than in the same period last year.

“We’ve been selling bigger homes with ... terraces, gardens, pools,” said Martinez.

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Terraces and gardens overtook price and location for the first time as the most-desired features, a study by real estate observatory Via Celere showed last week, despite only coming fourth pre-pandemic. 

Covid 19 Time Series

 

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