For many real estate executives, 2008 is the year of radical changes. Building sales through the first five months of the year in New York's investment sales market have been moving at a snail's pace. Investment sales executives are marketing plenty of office and residential properties, yet very few are actually closing and investment sales are down by as much as 80%.
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Thursday, May 29, 2008
How long will the slowdown last?
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3 comments:
It is a very interesting story and in my opinion he is right. Of course this year there have been some significant changes the real estate investment market but if we think nature of the demand for investments than it is usual. It is very elastic so just small correction of interest rates or GDP growth could affect it easily. Working as a Toronto real estate agent I have learn to distinguish between just changes in demand for investment and changes in a whole real estate market because I think this is essential.
I read about your site while I was checking a Buenos Aires real estate blog. They mention your site as one of the most trusted in real estate in that area.
Interesting! thanks for sharing..
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