The outbreak of the pandemic has changed forecasts and roadmaps for a large number of companies across all sectors, to a greater or lesser extent. Like so many others, the real estate sector has also been affected by the Covid crisis. However, the large listed property developers have managed to push ahead with their new construction projects and planned deliveries. Only Quabit has chosen to revise its business plan.
In total, the five listed property developers, Metrovacesa, Aedas, Quabit, Neinor and Realia, generated joint revenues of 575 million euros during the first nine months of the year.
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