COVID19: Europe’s changing real estate landscape

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COVID19: Europe’s changing real estate landscape
 © FinancialMirror 2020
By Panos Danos

The knock-on effects of the coronavirus – widespread panic, quarantine, falling oil prices, and weakening oil-dependent currencies like the Russian ruble – are hitting the real estate market hard.

The hotel and retail segments were the first to fall. Cafés, restaurants, and shopping malls were forced to close their doors – and as we speak, companies are cutting costs and downsizing, while Hotel and Food and Leisure operators are asking landlords to lower rental rates.

The first bankruptcies in the hotel segment have...


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COVID19: Europe’s changing real estate landscape


The contents of this article including any associated images are © FinancialMirror 2020
Views & opinions expressed in this article are those of the author and/or FinancialMirror .

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Article Tags: covid19, europe, changing, estate, landscape,