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Cbre: Coronavirus will affect real estate only in the short term

17 March, Il Sole 24 Ore

In its latest report, Cbre analyses the effect of coronavirus on the EMEA real estate market. According to Cbre, the impact will be only in the short-term, and, since investments tend to be slower in the first quarter, the market will have the chance to recoup later in the year, reducing the negative impact.

While the office segment doesn’t seem to have been significantly affected so far, the pandemic might have severe consequences on the sectors which are strictly connected with tourism, such as hospitality and high-street retail. The possible closure of factories might impact logistics. On the other hand, the sector may benefit from the rise of e-commerce.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi