BIG 214 - Investment: cash or crash?

Tell us if the chorus reminds you of anything: real estate markets are slowing down due to a lack of visibility on the evolution of the market environment in view of an exogenous shock with significant macroeconomic implications. Started by the Covid-19 pandemic, then prolonged by the sudden rise in interest rates, the wave of uncertainty is this time based on geopolitical tensions, which the arrival of a new Republican administration at the White House has only exacerbated. At the very moment when real estate markets are preparing to enter a new cycle, after the long-awaited stabilization of the monetary policies of the major central banks, the lines of force are changing and the contours of the global economy are being redefined. In such a context, is real estate still relevant in the portfolios of major investors?