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Covid-19 hasn’t really produced anything new, but it has dramatically accelerated existing trends that have been affecting global cities for a number of years. Tom Walker Co-Head of Global Real Estate Securities at Schroders, points to trends such as working from home and higher levels of e-commerce which were expected take place over the next five to ten years but will now most likely take place over the next two to three years.
We are currently facing unprecedented levels of uncertainty. While many people have lost their jobs, there are also countless others that are still employed, but due to current circumstances, they are either only earning a fraction of their usual salary, or no salary at all.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?