COVID-19 is wreaking havoc on the real estate market, with hospitality and retail taking the biggest hit, but the news isn’t universally negative, according to a new forecast from the Urban Land Institute and PwC.
The wholesale disruption of COVID-19 is taking a toll on the real estate market. A new survey suggests that offices will remain under capacity for months, retail and hospitality will continue to struggle, and, despite some increases in single-family home values, real estate across the board will see its value fall around 10% next year.
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