Real Estate at a Turning Point | Davos | World Economic Forum

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Challenges and opportunities in Real Estate: Covid-19, obsolete buildings, sustainable housing, and balancing green and low income

Sara Eisen, Nathalie Palladitcheff, Hussain Sajwani, Howard W. Lutnick and Christian Ulbrich

Real estate experts discussed various topics during panel discussions at the World Economic Forum in Davos, including the impact of the Covid-19 pandemic, rising interest rates, and a weakening economy. Panelists also discussed the challenges and opportunities of repurposing obsolete office buildings, as well as the need for affordable and green housing. The experts agreed that governments and regulators need to encourage green buildings, as private companies may prioritize profits over sustainability. They also discussed the challenges of financing green buildings, including the high costs of retrofitting existing buildings, but noted that technological innovations and changes in building materials have made green buildings more accessible and cost-effective. The panelists also highlighted the importance of finding a balance between green buildings and low-income housing, which can be costly. Overall, the experts agreed that while there are challenges associated with the real estate industry, there are also opportunities for innovation and collaboration to find solutions.

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