WITHthere were fewer transaction cases, but more fee revenue: The Corona crisis did not leave Raiffeisen Immobilien unaffected. According to an annual balance sheet published today, the number of transactions processed fell from 7,663 in 2019 to 7,384 in 2020 as a result of the lockdowns. Nevertheless, Raiffeisen Immobilien Austria was able to increase fee sales in the past financial year from 33.8 to 34.5 million euros. The value of the brokered properties rose from 774 to 804 million euros. But not only:
The market for used real estate has therefore been thinned out, especially in the state capitals.” This is also reflected in the development across Austria. In 2020, around 1,300 fewer used residential properties were sold than in 2019 (46,827 after 48,100 in 2019; source: Immounited). However, the value of the properties sold rose in total from 12.5 to 13.2 billion euros. Since the demand is still good, now would be a good time to sell.
In addition to the generally good development of the real estate market, the group’s digitalization strategy has proven to be a stabilizing factor in the crisis. “In most federal states, our employees had experience with home office and teleworking even before the first lockdown. Digital communication tools such as 360 ° tours or virtual tours were also an integral part of our service long before Corona. We were able to take advantage of this head start during the crisis, ”summed up the speakers of Raiffeisen Immobilien Austria, Peter Weinberger and Nikolaus Lallitsch.
The y see another pillar of success in the Raiffeisen Immobilien employees: “Our strategy of investing in permanent and competent employees has more than proven itself. Everyone was extremely committed and loyal, pulled together and thus achieved a good result despite the crisis. “