Property News · February 25, 2020

Coronavirus a ‘severe but temporary challenge’ for commercial property in Asia-Pacific, says Cushman and Wakefield


The gloom around the commercial property sector in Asia-Pacific is being tempered by expectations that the downturn, caused by the coronavirus, will be relatively short lived, according to a report released last week by Cushman and Wakefield.“In general, the Covid-19 outbreak is being viewed as a severe but temporary challenge, and vendors will be reluctant to dispose of properties now unless absolutely necessary. We expect that Asia-Pacific transaction volumes will decrease sharply for the…

Source : South China Morning Post
Read more…Coronavirus a ‘severe but temporary challenge’ for commercial property in Asia-Pacific, says Cushman and Wakefield

You may also like...