Realty sector: In repair mode, or is it reviving?

Reits are expected to ensure better liquidity for developers

Economists sometimes speak of the “broken window fallacy” (this is not the same as the “broken window syndrome”, which social scientists also refer to). Suppose that a shop’s display window is broken. Repairs mean business for the handyman, the glass merchant, the hardware shop, etc. Such repairs occur on a much larger scale in a city hit by an earthquake, or a nation hit by war.
 
The aftermath of disaster is often frantic economic activity. If we only see the activity, we may argue the disaster was a good thing since it led to stimulus. That argument is spurious