Outbreak

The global outbreak of Coronavirus has affected all the fields of life. People are advised to have minimum social contact as the virus spreads from one person to another. Many cities across the world are locked down and no activities are going on. The outbreak of corona has stopped human beings to work or perform any activity outside their homes.

Economy

With this global outbreak of corona, the economies of all the countries are suffering from a decline as no activities are being performed that stabilize the economy. Several cities are locked down, offices are closed, and educational institutes are closed for an indefinite period. In this horrific situation, stock markets are dropping that have a direct connection with the economy.

Real estate

The real estate market contributes a lot to the economy of a country. It is said that real estate contributes 60% to 70% into the economy of a country, specifically Pakistan. Due to the outbreak of Coronavirus, the real estate market is also suffering. The main concern of the real estate market is to visit the properties that have decreased from least to no visit a day.

Pakistani Real Estate

The real estate market of Pakistan has been growing largely for the past few years and the progress it has been making is evident. People are investing in the business and it has been a great help to the economy of the country.

Due to the pandemic of Coronavirus, people are avoiding human contact as it can be deadly for them, their families, and the country as well. They are avoiding public meetings to be safe. This scuffling has damaged the business of real estate in actual meanings. The graph of business is being lowered as the situation is becoming critical by every passing day.

As the real estate market helps the economy in large numbers, the whole nation is looking up to realtors and the market.

 A slump in other sectors

Not only in the real estate market, but a slump can also be seen in other sectors too. All the fields of life are suffering from this outbreak. Starting from educational institutes, to hotels, malls, public places, all have become no go area for people. Avoiding human contact has made life an isolated island where one has no contact with the rest of the world. 

Overall outrage

The whole business world has been facing this uproar. An overall outrage can be heard and seen among the public and the whole business community. Due to the outbreak of corona, life has not been the same as it was earlier. Nothing is working the same way.

We hope and pray that May everyone comes out of this pandemic as better, healed and healthier human beings and May the business and the whole flourish better than ever before.