The resilience of the real estate sector is expected to benefit large, organized developers, while smaller, highly leveraged developers may face challenges. The rise in crude oil prices, which peaked at $117 per barrel, could lead to a 2-3% increase in construction costs, potentially compressing profit margins for projects in their early stages. Affordable housing projects are particularly vulnerable to these cost pressures, which could limit their growth. However, premium housing and commercial real estate are expected to remain stable, supported by high demand and strong leasing activity.