The impact of COVID-19
Unsurprisingly, many agencies struggled to adapt, with many being forced to furlough their staff as the first two weeks of the coronavirus saw a 57% fall in demand for rental housing. Although restrictions are easing and the rental market is gaining momentum, there are concerns around the world that there could be a second peak. Even if there isn’t another peak, the effects of the outbreak are likely to continue to be felt for some time to come. Now is not a time to relax, it is time to make sure you’re ready to adapt and thrive in the new normal. Coronavirus has presented a number of opportunities that, if taken, can mean you can emerge from the crisis in a solid position.