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St. John’s-space real-estate agent Andrew Duggan, in contrast, calls the expat narrative “romantic.” His colleagues within the major cities are describing a “mass exodus” of rental-house owners leaving cramped city areas.

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Republic Real Estate, a firm that’s raising money to buydistressed condosin the bodily world, is launching an invite-solely fund next week geared toward traders looking for to buy digital land. The enterprise plans to buy parcels across several online “metaverses” and develop them into virtual hotels, shops and other makes use of, with the goal of increasing their value amongst cryptocurrency fanatics.

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Jeffrey A. Cooke and Connie Jordan Nielsen handled the sale negotiations on behalf of the vendor. The 2020 real estate benchmark covers greater than 1,200 property corporations, real estate funding trusts , funds, and builders.