German truck and bus manufacturer MAN, controlled by Volkswagen, has announced that it could lay off up to 9,500 employees in Austria and Germany as part of its cost-cutting program amid declining sales following the coronavirus pandemic.
Travel restrictions and the difficulty of viewing real estate as a result of the Covid-19 pandemic will pose additional challenges to buyers of buildings, who have already shown some reluctance to visit regional cities. German pension funds, for example, are looking for well-rented projects with personality.