(Bloomberg) — Global real estate investment fell by 33% in the first half as the coronavirus pandemic battered economies and disrupted deals.The Asia-Pacific region took the biggest hit, with volumes down 45% 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% in the Americas and 19% in Europe, the Middle East and Africa.With the tourism industry shut down for months by government lockdowns, hotels saw investment decline by 59% in the first half of the year, followed by a 41% drop for retail properties, …read more
Source:: Yahoo Finance
