Shifting customer requirements will change property products post-COVID-19: Developers

Shifting customer requirements will change property products post-COVID-19: Developers

Egypt's property companies need to create a shift in the products they offer, whether commercial, residential, or administrative, in the post-coronavirus (COVID-19), real estate developers have emphasised.

The shift in products on offer would reflect the change in concepts and customer requirements in light of the global pandemic and the impact it has left on the way customers live.

Ahmed Shalaby, President and CEO of Tatweer Misr, said the real estate sector's main changes in the post-coronavirus period will see greater work from home and increased Internet use. As a result, it will only be necessary to build small office spaces, and add a small office space inside residential units.

Shalaby added that multi-national companies have already started to develop new, flexible designs that allow for extra office space to be added in resident units and according to multiple options.

He pointed out that conference activities will also be reduced in the post-coronavirus period, which will see hotel conference spaces reassigned to other uses.

Meanwhile, Ben Packard, Associate Director of Hotel Valuation at Savills, pointed out that the hotel industry has the opportunity to capitalise on the layout and location of hotels and provide alternative workspace for individuals or for companies. This would come