Property News · May 20, 2020

Loaded with cash, global property buyers wait for sellers to crack under pandemic strain


The world’s biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities created by the pandemic.With economies around the world sputtering, commercial real estate prices are expected to come down. How much they will fall is the key question.Sellers are currently willing to concede discounts of around 5 per cent, while bidders are hoping for about 20 per cent off pre-pandemic prices, said Charles Hewlett, managing director at Rclco Real Estate…

Source : South China Morning Post
Read more…Loaded with cash, global property buyers wait for sellers to crack under pandemic strain

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