One of the main lessons to come out of the current pandemic is that the world has responded to the outbreak at different times Pedro Coelho, vice chairman of Portugal’s Square Asset Management told Richard Betts of Real Asset Media.
Reactions to Covid-19 have even been different within the same country, which is not good, he added.
Speaking during the Lisbon REinvestment Talks, an online event on RealX.Global organised by Iberian Property and Real Asset Media, Coelho said that the next six months will be tough, but looking at things optimistically, by the summer we should be striving for the “old normal” because a vaccine will probably have become available.
And, at least interest rates look set to stay low which is good for real estate, he added.
Click on the video to watch the full interview.