Until then, new operators are far more likely to fund their deals the old school syndication way (friends & family / country club network / Reg D offerings). 

I'm not sure if/how it would work in your country.

Residential prices have continued to go up here, but have tapered just like the rest of the country due to interest rates.

There are people making money in RE across the country. 

As well as new construction in those areas is a fraction of what you have in other parts of the country so the older exiting houses are finally getting absorbed.

What I see is there are many people from abroad who just want to park money here vs their home country due to inflation or some other reason who are willing to take minimal returns in exchange for principal safety. 

The most strict COVID eviction moratorium in the country.  

Zoned to "sought after" Katy ISD and Seven Lakes High school (one of the top in the state & country, so I am told) in Cinco Ranch. 

We are at likely record high price to rent ratios (like much of the country) without much upside on rent growth in the mid-term paired with steeply rising taxes, financing, and insurance costs.

Miami you can get land that you can go 12 stories on right now for approx 1.2 million in Wynwood and Wynwood Norte which is the two best zips and some of the highest capital injections in the country.