Real Estate Market During Global Recession (est. 2023 & 2024)
2023 & 2024 are very critical for global economy and real estate markets can be heavily affected by global economic recessions. During a recession, the overall economic activity slows down, and people start losing jobs, which affects their ability to purchase properties or even keep up with mortgage payments. This creates a ripple effect on the real estate market, leading to a drop in demand for housing, commercial and industrial spaces.