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There’s ‘a lot of alternative’ in real estate as pandemic pinches property market, says investor


A view of East London from an aerial view. As the solar units its glow is captured on the skyscrapers of Canary Wharf – the second enterprise district of London.

Ray Wise | Moment | Getty Images

Opportunity abounds for traders trying to seize on distressed real estate belongings in the wake of the coronavirus pandemic, in response to one of London’s prime real estate traders.

Thomas Balashev, founder and CEO of Montague Real Estate, stated real estate has been unduly hammered through the downturn, creating alternatives for consumers to make features as the financial system recovers.

“I think it goes without saying that there will be a lot of opportunity,” Balashev advised CNBC’s “Squawk Box Asia” on Tuesday.

A unique sort of disaster



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