Facing the Unpredictability of the Real Estate Industry - How to Cope with the Loss o

[Lilia Matlov]

For practitioners in the real estate industry, the biggest challenge is not just the difficult work, high risks, or immense pressure, but the necessity to learn to let go of complete control over outcomes. Certainty in this industry is merely an illusory facade - costs and timelines often exceed expectations by double. Even the most meticulously crafted plans can frequently go off track due to unmet responsibilities or unforeseen events.

This is the essential characteristic of the real estate industry. Only a few can persist in the long term and adapt to this uncontrollable situation. Successful individuals must learn to accept uncertainty, maintain a flexible mindset, and continue to invest. Only in this way can they stand out in this ever-changing environment.