AMWatch

Global real estate investment plunges amid covid pandemic

Global real estate investment fell by 33 percent in the first half as the coronavirus pandemic battered economies and disrupted deals.

Photo: Gregers Tycho/JPA

The Asia-Pacific region took the biggest hit, with volumes down 45 percent from the year-earlier period, because it was the first struck by the outbreak, according to a report from broker Savills Plc. Investment dropped by 36 percent in the Americas and 19 percent in Europe, the Middle East and Africa.

Investment is “expected to remain well below pre-pandemic levels for the rest of 2020 as investors wait for market clarity,” Simon Hope, Savills head of global capital markets, said in a statement on Monday. “However, certain sectors are expected to outperform as investors focus on secure assets, namely logistics, residential and life sciences.”

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