Excerpt:
"With around half the world's population forced to stay at home in April, it is no surprise that property usage has been severely impacted by the coronavirus. Government closure of commercial premises has decimated high streets around the globe and seen real estate – traditionally a haven for investors during market stress – underperform global equities in the current crisis.
Compounding general fears over the impact coronavirus could have on global economic health, real estate is capital intensive and typically financed with significant debt. Investors therefore face the risk of uncertain cash flows from assets that can be difficult to refinance or sell, particularly when valuations are as unclear as they currently are."
