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A Tale of two outcomes | US Election 2020 Result and Implications for Global Real Estate

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The results of the much-anticipated U.S. presidential election hung in the balance for several days after Election Day. In the end, a number of key states finalized a historic level of vote tabulation resulting in Democratic challenger and former Vice President Joseph Biden accruing enough electoral college votes to secure victory as president-elect. Biden will be inaugurated as the 46th president of the United States on January 2021.

In this second edition of our two-part series, we take a more in-depth look at the projected impact of Biden’s policy approaches and the associated economic, business, market and real estate impacts within the United States, Europe/Middle East/Africa (EMEA) and Asia-Pacific (APAC) markets.

it is anticipated that most of Biden’s more progressive initiatives will be vigorously challenged and potentially upended altogether by Senate Republicans. We expect most near-term policy changes to be enacted via executive order or through less-aggressive legislation that can potentially garner bipartisan support.

A Tale of two outcomes | US Election 2020 Result and Implications for Global Real Estate

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Damian Harrington

Director | Head of EMEA Research

I am Director and Head of EMEA Research for Colliers International, having previously been Director and Head of Eastern European Research with Colliers for 7 years. 

I have worked within the real estate profession across EMEA for 20 years, living and working from bases in London, Dubai, Prague and more recently Helsinki.

I spent the first 10 years of my working life in London, starting as a development/investment consultant for an independent research house.

This was prior to joining CB Richard Ellis where I led emerging market research in MENA and CEE for 3 years. I resigned from CB Richard Ellis to develop and manage my own independent consultancy based in the UK, before joining Colliers in 2009. As of 1st July 2015, I was promoted to Head of EMEA Research. 

I use my experience and analytical skills to take a forward looking view of market opportunities & challenges impacting the industry on behalf of internal and external clients. 

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