PricewaterhouseCoopers has declared from a recent report that the property market in America is in the mode of recovery and investors are the ones who are really leading the way. From all the reports over the last couple of years, this latest report seems to be the most encouraging, as the data indicates that confidence is returning to property investors.
According to data from the PwC Real Estate Barometer, the commercial real estate market is doing considerably well and will continue as long as confidence among businesses and consumers continues. The office and multifamily housing sector are expected to show positive signs of recovery by the end of this year.
The retail sector is not expected to do quite so well this year, but experts believe that next year will begin to see more recovery. There are some inflation fears and consumers are not spending as much right now, but investors are beginning to have more interest in distressed retail properties, as they believe it is a good time to purchase now before the market stabilizes.
Surprisingly, the luxury retail sector is showing signs of recovery, as people with a great deal of money are not afraid to spend it at this time. Some are surprised, but the retail sector is doing better than many expected, as many thought the boost wouldn’t come till at least the year 2013.
With the commercial real estate sector doing so well, and the retail market beginning to show small signs of recovery, experts believe that the increase in transactions will give the economy the added boost it needs.
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