The real estate industry's outlook for 2020 and beyond

Investors in the real estate industry are on edge after two major events in the oil price war and the pandemic disrupted economic activity worldwide. It’s natural to have fears and anxieties about their investments at this time. To get a clearer view of things, it’s best if we check what the outlook is on the real estate industry for 2020 and beyond, so we can pivot to better strategies.

Before even the disruptive events began, experts and pundits already marked 2020 as potentially the end of the current long-running cycle. This means they were looking at a potential economic downturn after being up for so long. That being said, things still looked rosy with low interest rates and lenders’ robust portfolios.

Now that we’re dealing with the fallout of the pandemic, we’re looking at vacancies and stalled negotiations. Service providers working in between buyers and sellers may find themselves flooded with work as agreements and contracts may be changed.

Developers may soon put the brakes on construction. In some areas, property development will continue as they were not hit as hard as other areas. Although things are looking a little gray at the moment, the captains of industry and all the professionals working in the real estate industry will devise ways to keep the ball rolling.

When he’s not busy with real estate, Eugene Bershtam is also a member of the Ferrari Club of America (FCA) and is the secretary of state for the Lamborghini Club of America in Illinois. Eugene Bershtam has won many awards from participating in judged classic automotive concourses all over the country.