A real estate thought
I come across a large number of real estate project these days, and I can see a clear distinction between them.
There are those projects that started at the top of the market. Typically, they lack finance, and sales have been slow or non existent. Developers approach you with one main objective: getting some money to get the thing off the ground.
Other projects are a bit different. They are mainly sold, almost or completely built. Developers don't need the money to complete, but they need to sell out the last remaining units so they can move on.
Obviously the former ones are a real problem, especially in some countries where they form the majority.
There have been some positive signs from the market, but I find it hard to figure out what these projects will become and when they might start. Or at least, when they might be cancelled so the market can move on.