Most financial crises are either seeded in the real estate market or are amplified there. The current one began as a healthcare emergency and has rapidly morphed into a financial shock, but its legacy will perhaps be the most profound in the real estate market.
As in so many sectors, the Covid-19 lockdowns across the world have only served to accelerate technological and behavioural changes that were already under way in the retail, hospitality and office space sectors.
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