How And Where COVID-19 Is Creating Real Estate Opportunity

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The global shutdown in response to the coronavirus pandemic is going to have big effects on real estate markets worldwide. However, the situation we’re about to see play out will not be the same as what we witnessed in the wake of the 2008/2009 global real estate crash when some countries—Spain, Ireland, and Costa Rica, for example—saw property prices fall by as much as 70% and more. Those bona-fide collapses were thanks to bubble pricing and over-lending. Markets with less leverage at work—Panama was the best example—saw far lesser drops in values and quicker recoveries.

What’s going to happen this …