Real estates prices are declining during this pandemic mainly because the owners are in need and are desperate for money, hence opting to sell their properties for much lower price than it should be.
Wrong actually the price of real estate assets continuously rising and the sales is been more higher even if there's a pandemic.
Here I will give you the article of CLI where they got 41% higher jump of sales and that's huge.
https://www.cebulandmasters.com/news/cli-posts-41-jump-in-reservation-sales/ Although there are other people selling their property at low price but it doesn't affect the entire value of all property listed around the world.
there may be individuals selling their property at lower prices, but i do agree that in general, real estate property are still on the rise even with this pandemic.
and based on this article (though they are tackling few major areas only), but it has an opening statement that "
Despite the pandemic-induced global recession, house prices in major markets globally continue to rise." and they have basis what theyre trying to convey here
https://www.dw.com/en/global-housing-markets-overheating-amid-pandemic-stimulus/a-55282914
Depends on the sector. Residential real estate not so much. Prices are at an all time high in most places in the US despite the pandemic. Commercial real estate is another matter. Big city skyscrapers are having trouble right now, but even some retail is still decent.
this crisis will stop sooner or later, so i dont think it is really smart move to sell your property during crisis, unless you are in a desperate situation.