Stores and offices hit by drop in values
The second quarter of the year is believed to have inflicted a 15% decline on the value of stores, while that of office spaces is believed to have taken a 12% blow compared to last year's record highs, the Real Estate Value Index compiled by Inventio Consulting showed.
Although transactions in the property market were next to zero over that period, the real estate consultancy firm used a number of general assumptions based on the state of the economy and business sentiment in order to assess the course of prices.
In this context, regarding the market for retail spaces, the Inventio analysts note that since the start of the year commerce has again taken a blow and investor interest is restricted to supermarkets, the only sector not to have suffered as a result of the coronavirus.
In March and April most stores saw their cash flows run dry - with the exception of...