Business Times: Flush with Cash, Global Property Buyers Wait for Sellers to Blink

May 21, 2020
By Daniel Kagan
Real Estate Cycle COVID-19

Most sellers are currently willing to concede discounts of around 5 per cent, while bidders are hoping for about 20 per cent off pre-pandemic prices, said Charles Hewlett, managing director at RCLCO Real Estate Advisors.

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