logo
logo
Sign in

79% of consumers have not yet found the property they are looking for. But what is this audience looking for

avatar
jamesflick

In July this year, the Viva Real portal conducted a survey of 1,323 users of the tool. The objective was to gather information about the preferences and expectations of consumers in the real estate market. One of the most striking pieces of information was that 79% of respondents have not yet found the property they are looking for.

This data can serve as a starting point for brokers and real estate agents who wish to improve their services and increase their client portfolio. We analyzed the other survey results and separated, in this article, four of the   most relevant insights into the profile of these consumers and what they are looking for.

We hope that your company can use these ideas to direct efforts and generate more results.

Young and stable audience

Among the sample selected by the Viva Real portal, the public looking for their own property is well balanced between men and women. Most are married (57%), but the number of singles is relevant (32%). Most of these consumers are young people between 25 and 39 years old (43%). The average family income is over R $ 3,419.

Buying property is more challenging

From now on, we will consider only the portion of respondents who have not yet found the property they want.

skymarketing.com.pk  strives to be Pakistan's biggest real estate developer ever, guaranteeing the highest international standards, prompt execution, and lifetime customer loyalty. For further detail visit Nespak Society Rawalpindi

Of these, 65% look for properties to buy, 42% look for used properties and 23% want to buy properties on the plant. Another 25% are looking for rental properties and only 10% have given up looking.

They want a deal closed in the short term

Among those looking for properties to buy, real estate financing is the preference of 54% of those looking for used properties and 77% of those who prefer properties on the plant.  For both, the intention is to close a deal within the next six months.

In the case of leasing, 45% intend to work with the advance of installments, and want to finalize negotiations within the next three months.

Optimism with the market, pessimism with the negotiation

The survey also revealed a relative optimism from consumers regarding the real estate market. Although most are unsure of the economy, respondents are optimistic about the housing market. Altogether, 76% consider property prices to be high or very high. However, 83% believe that this average will remain stable or even be reduced in the next semester and 86% believe that the real estate market will recover.

Almost half of the respondents say that, in their view, the negotiation flexibility for the acquisition or rental of real estate will increase in the next semester. This number, however, is lower than that obtained in the survey of the last semester. This shows a drop in consumer confidence and can be the loophole for your real estate company to work in a friendly approach to attract this audience.

Source: Tajarat.com.pk

 

 

collect
0
avatar
jamesflick
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more