Apr. EN 2020

13 The report highlighted the increase in the severity of financial and economic fluctuations and the accompanying deterioration in the values ​ ​ of circulating investment liquidity, pushing asset prices to decline sharply. The global recession and the collapse of oil markets doubled the status quo in spite of the central banks' purchases of the corporate bonds. In the framework, the advantages report revealed that the trends of maintaining liquidity by investors at the present time will directly affect the values ​and sizes of sales and purchase deals with real estate markets, which will experience reductions as a result of the decline in the sector's sales, and reduction in marketing and construction operations of the majority of companies. The advantages report emphasised that the indicators are recording a further decline in prices, as investors who rely on leverage face demands to pay debts by liquidating their investment portfolios, which increases the selling pressure. The evaluation of the performance by American investment funds confirms that this category is moving towards recording liquidity at rates that were not present for a long time. The monthly survey of approximately 200 global fund managers in April showed that liquidity jumped from 5.1% to 5.9%, which reflects the extent of cash retention amidst the possibility of recession. Mazaya Monthly Real Estate Report - Week 4 - April 2020 The report pointed that at the weaker level of liquidity, global mergers and acquisitions markets face real challenges, as markets are currently free of any deals so that the governments of the countries of the world continue to close large sectors of their economies. It is noteworthy that the merger deals have fallen by 33% since the beginning of this year, recording at $762 billion and that the total value of acquisitions and mergers during the year 2019 amounted to $ 3.9 trillion, focused on the pharmaceutical, industry, energy and banking sectors.