Confidence within the real estate industry is at its highest since 2008. This has come about despite little change in the economic climate or any sign that debt markets are returning to health.
Expectations over business confidence and profitability have improved but this doesn’t mean the industry expect the economic climate to be better in 2013. But investors have accepted “the new normal”.
Businesses are now focused on managing risks and designing strategies around positive trends such as demographics, technology and urbanisation.
Real estate investors have taken comfort from the fact that they have survived the turmoil of the past few years and are now turning their attention to the best bets for future investment.
“There are many reasons to be cheerful for those with access to capital and debt.”