Coronavirus: what has changed in Spain's request for second homes!

"After the coronavirus health crisis, demand response in the real estate market depends on a number of factors including the development of the 'de-escalation' phases, the financial situation of potential buyers, job figures or the impact on investment etc. What is certain is, however, that housing needs have changed and other priorities have emerged as part of the period of confinement when a new property is purchased." This is the outlook provided by the latest study by immobilization company Solvia, which ensures changes in the real estate market in both the residential and the home sector. properties for rent in doha

The study emphasizes that small beach houses are losing their appeal as an ideal second home and that demand for coastal houses or inland homes in which the owner can spend much of the year and with plenty of teleworking space is on the increase.

"The success of working at home has not only turned second homes into an alternative to enjoy during weekends or holidays. This type of property will now take on more importance thanks to the foreseeable increase in distance working during the return to "new normal." This summer, in particular, after several months of quarantine, owners go to second homes in summer to enjoy the good weather while, if necessary, they can work.", says the study.

And he adds that "this increase in the use will lead to a change in the traditional aspects previously considered when evaluating whether a second home is being purchased, which will create the need for more space, workplaces, natural light or extras."

In this scenario, the Solvia experts have summarized the main interest and motivation for a second property in Spain from now on:

Less beach and larger apartments with work space

Sophisticated and customized decoration

Outside space is a must

Engagement in natural light and energy performance

Commitment to pollution protection materials

Less beach and larger apartments with work space

Solvia recalls that second homes on the coast are traditionally small properties of not more than 50m2 with 1 bedroom. The priorities change, however, and purchasers want a larger surface area, flexibility and, in particular, open space which "will not only increase the sensation of space, but also increase the luminosity of the house and help to create more welcoming environment." The company also considers that second homes will now include rooms which can be adjusted as a workspace, playroom or a recreation area, both in coastal and rural areas.

Sophisticated and customized decoration

Another trend highlighted in this study is that furniture and decorative articles are being recycled from the main house or family donations. As a consequence it is predicted that "the design of the second home will take on a personality and the decoration expenses will be greater than before, because it is intended to enjoy it much longer."

Outside space is a must

The study emphasizes that 'after weeks of containment, future buyers will be much more interested in outdoor areas (balconies, terraces, patios, small gardens). These types of housing extras have several advantages, including the opportunity to practice outside at home, plant a small garden and organize family meetings. This will also be transferred to second homes.

Engagement in natural light and energy performance

Another change concerns natural light. While in second homes natural lighting has not yet been a major priority, it is now focused on the impact it has on physical and psychological health, and encourages concentration while working and reducing electricity costs.

There is also growing interest in energy efficient buildings which have good sound insulation. In this respect, the study by Solvia emphasizes that "now you spend more time in this second house to save money and reduce energy use. This will include the importance of having solutions like low-consumption devices, thermal insulation, smart location technology or programmable systems. The installation of acoustic insulation systems will also be expanded to ensure the best possible environment for indoor comfort."

Commitment to pollution protection materials

Finally, the study concluded that "the type and quality of construction material is another element of the criteria which will influence the selection of a new residence. The fact that people stay at home for longer periods led to an increasing concern over pollution in enclosed areas, which is also reflected in second homes. For this reason, now more than ever, a property made of natural, toxic and harmless materials is highly valued. The use of products (such as plaster and paint) that are capable of degrading odors and health-harmful substances will also increase."