position
Waiting for a recession: as the Russian ultrahindi saving money in real estate
The coronavirus pandemic, panic on world markets, quarantine, falling oil prices and the falling ruble have affected the real estate market.
The first to suffer were the hotel segment and retail-cafes, restaurants and shopping centers. Already, companies are cutting costs and staff; hotel operators are renegotiating with owners to reduce the price of rental contracts.
We assume that the first bankruptcy in the hotel segment will begin in two or three months. Continue reading
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