Impact of the coronavirus on international real estate business in the U.S. 2020-2021

In 2020, the global economy was brought to a standstill because of the coronavirus (COVID-19) pandemic. Foreign investment into commercial real estate in the United States was also affected, with 44 percent of National Association of Realtors (NAR) members reporting that travel bans having impacted their international business. Additionally, approximately 22 percent of respondents claimed that the pandemic impacted the availability of credit and lenders. The impacts of the pandemic continued to obstruct cross-border investments throughout 2021: Approximately 25 percent of respondents complained about travel bans and 14 percent - about social distancing affecting their work.