|
Getting your Trinity Audio player ready...
|
The big question of the moment is about what will become of the real estate market as a result of the Corona Virus. Some points, on the other hand, differentiate the 2008 crisis from the present moment.
The resources allocated by the EDF to give liquides to the banking system (which did not occur with the speed we had now) gave peace of mind to the population and to the banks in particular. Immediately, $1.5 Trillion was made available for this liquidity which ensured that the sector would go unharmed by the crisis.
On the other hand, unlike 2008, when the crisis hit the real estate sector, we had a very high inventory that would lead us to be absorbed, without real demand, were basically speculative purchases.
