Ernst & Young 2009: Lessons from change - Survival and growth in real estate PDF Print E-mail
In the current global economic environment, real estate investors, owners, developers and builders worldwide are primarily focused on two issues:
  • Managing their companies through the recession
  • Positioning their companies for future growth as global economies and property markets start to recover

At the beginning of 2009 the outlook for global property markets was bleak. Though there have been some bright spots since then, the current climate is decidedly mixed.

In Europe, commercial property markets in a few countries may be showing signs of “green shoots.” In Asia, China’s residential markets are thriving as a result of the central government’s stimulus programs. Japan’s real estate market, which may be close to bottoming out, 1 is starting to attract more international investment.

Although Australia has felt the effects of the downturn, its real estate market is attracting capital from international investors, particularly China.

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Written by :
Troy Hicks
 
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