‘Worst is over’ for real estate sector – Leechiu

‘Worst is over’ for real estate sector – Leechiu

The pandemic-stricken real estate sector is showing ‘early signs’ of recovery, prompting Leechiu Property Consultants, Inc. (LPC) CEO David Leechiu to note that the ‘worst is over’ for the industry.

Leechiu stated that the real estate industry, while not ‘all smooth sailing,’ will “recover faster than expected due to a confluence of factors,” like the sustained expansion of the business process outsourcing industry in the Philippines.

As the United States and Europe go through their third and fourth waves of COVID-19 transmission, western firms are “likely” to have outsourced some tasks to countries like India and the Philippines by the second quarter of 2021 in a bid to cut costs, the firm noted.

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