CBRE: Hospitality and retail will be slow to recover from Covid-19
The Irish property market will come out of the Covid-19 pandemic in uneven stages, with sectors most affected by occupational demand and high volumes of social interaction such as offices, hospitality and retail slowest to recover: investment in quality assets will be the first sector to come back, say international consultants CBRE.
According to a bimonthly report issued today, and in a best case scenario, CBRE suggest that “provided the outbreak is brought under control in a reasonable timeframe and we follow the trajectory witnessed in Asia, our house view at this juncture is for a rebound in activity in the Irish commercial real estate sector during the second half of 2020.”
