This year is coming to and end and with that new opportunities arise in the real estate business. It is normal that over time, some behaviors change according to taste, preferences and what best suits the era. You might be intereses in what the new trenes in real estate will be.

Environment and development

In the last decade has been more common to incorporate sustainability and technology on a daily basis. Climate change effects and high energy prices, increase the necessity of regulations.

For 2020 – usage of renewable technologies, waste reduction systems, more use of natural lightning, incorporation of green areas and social spaces, are going to be a priority when it comes to revitalize urban centers.

Mixed projects

Mixed projects will be very popular in 2020. They are related with sustainability and promote a mix of products. As its name says, they pretend to gather apartments, businesses and offices in the same building which offers access to common spaces in the same building.

This goes hand by hand with commercial infrastructure stagnation. Offices and storage spaces, expect an increase in 2020.

Generational behaviors

Another important aspect is to take into consideration millennial behaviors. Having options for a generational group that prefers renting over acquiring real estate, will give you a great competitive advantage

Even though millennials have great influence over the market, you can not move aside a generational group that it is growing rapidly. According to the National Institute of Statistics and Census of Costa Rica.

This represents a challenge for real estate, due to the fact that there will be the necessity of a new retirement model that promotes the adaptation and coexistence of this segment with the rest. Therewith, the urge of having equipped homes for aging necessities.

For every real estate agent, is it very important to be informed and aware of the time and place. This will give you a great competitive advantage in such a dynamic and changing market.