RE/MAX EUROPE SURVEY MARCH 2023

Please take three minutes to complete this survey. We would like to use this opportunity to gain insights into the real estate market and expected developments within the next six months. This will help us with creating press releases. Thank you in advance for your support.

Question Title

* 1. How do you expect residential real estate prices in your area to develop within the next six months?

-25%

+25%

Clear

i We adjusted the number you entered based on the slider’s scale.

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* 2. How high do you expect mortgage interest rates to be in your region in six months?

-25%

+25%

Clear

i We adjusted the number you entered based on the slider’s scale.

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* 3. How do you expect that mortgage interest rate development will affect the demand for residential real estate within the next six months?

Strong decrease in demand

Decrease in demand

No development

Increase in demand

Strong increase in demand

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* 4. Within the next six months, how will mortgage interest rate levels affect the length of time properties are available on the market?

Properties are significantly longer on the market

Properties are longer on the market

No change

Properties are shorter on the market

Properties are significantly shorter on the market

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* 5. How do you expect the number of residential listings in your area to develop within the next six months?

Strong increase

Increase

No development

Decrease

Strong decrease

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* 6. Do you expect to experience any of the following scenarios in your market within the next six months? (multiple choice)

Fewer first-time buyers

More first-time buyers

Decrease in demand for rental

Increase in demand for rental

Fewer investment buyers

More investment buyers

I don’t experience any of these scenarios

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* 7. Comparing the fourth quarter of 2022 with the year 2023 so far, are you seeing a trend towards buyers moving to some of the following options? (multiple choice)

More urban locations

Less urban locations

Larger properties

Smaller properties

Properties with a higher value

Properties with a lower value

I don’t experience any of these trends

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* 8. Comparing the fourth quarter of 2022 with the year 2023 so far, how did the time period from offer submission to contract closing change?

Dramatically slowed down

Slowed down

No change

Became slightly faster

Became much faster

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* 9. Which governmental support for first-time buyers is provided within your region?

Reduced interest rates for first-time buyers

Reduced down-payment requirement for first-time buyers

Partial funding by government

None of the mentioned options

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* 10. I am convinced that professional real estate agents will play an important role in the real estate market of tomorrow.

Strongly agree

Agree

Neutral

Disagree

Strongly disagree

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* 11. How long have you been working as an agent?

Up to 2 years

3-5 years

6-10 years

11-20 years

Longer than 20 years

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* 12. Please select your RE/MAX Region.

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* 13. How would you describe your office location?

Urban
Urban refers to cities, where a lot of people live and work. They are densely populated hubs of commerce where a fast-paced lifestyle tends to be the norm.

Suburban
Suburban areas are built up around the outside of cities. They tend to be less densely populated than the cities they surround, though some grow so much that they become cities in their own right.

Countryside
Rural locations are not densely populated. They are outside of cities, further away than suburbs.

Tourist area
Tourist areas describe locations with a high frequency of tourists for the purpose of visiting national parks, national recreation areas, national monuments, or state parks.