13. Real Estate Market: Smart Renaissance

In the three years following the Real Estate boom, the change in architectural studies was remarkable. In the last twelve years, architects, technical architects, engineers, testing and quality companies, developers, builders, site managers, operators of different trades as well as installation, materials, and Real Estate companies were forced to change their business focus on different goals. This crisis even had an impact on university studies and private architecture schools that were created during the boom and both suffered from enrollment losses with new graduates seeking professional opportunities beyond the national scene. The current situation has been different for the last two years as the role of the architectural studio has changed and it no longer exists as such. The architect now works within business, engineering and even consulting synergies. By means of a real case study, and in collaboration with the university and Real Estate companies, this study contributes new conclusions to the state of the question. These findings result from constant changes as well as the fluctuating and cyclical speed of development in the architecture sector. The latest crisis that occurred in the sector, as well as the COVID-19 pandemic, has affected several disciplines, causing professionals and teachers to create new teaching methods and ways of working in diverse teams, which has opened research fields for new ways of building and urban development.