The outbreak of the COVID-19 pandemic acted as a massive restraint for the real estate market, as the need for services offered by these establishments declined due to restrictive measures imposed by the government and the complete closure of commercial activities.
However, analysts are bullish on the industry’s long-term prospects. The global real estate market is expected to grow at a CAGR of 9.6% to reach $5.39 trillion in 2026.
