The real estate sector remains highly responsive to the unpredictable shifts in interest rates, a factor that could prolong the sluggish pace of transactions involving property acquisitions, sales, and financing. This volatility is anticipated to prompt a surge in demand for legal services, particularly in the realms of restructuring and refinancing, as stakeholders seek guidance to navigate the complexities arising from these market dynamics.
Furthermore, the looming spectre of elevated borrowing costs threatens to exacerbate corporate indebtedness, potentially catalysing a cascade of restructuring and insolvency scenarios. Consequently, legal practitioners specializing in these areas are poised to witness heightened demand for their expertise, as businesses endeavour to mitigate financial risks and safeguard their interests in an increasingly turbulent economic landscape.
