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Article: Emerging trends: Real estate remains hot despite cloudy horizon; Report says rising rates, uncertain economy not dampening enthusiasm for asset class.(News)
- Article from:
- Pensions & Investments
- Article date:
- November 15, 2004
- Author:
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Arleen Jacobius
The specters of rising interest rates and a sluggish economy might be curbing return expectations for 2005, but they are not curtailing investor interest in real estate, according to a new report.
"A flood of institutional and private buyers, some using gobs of readily available cheap debt, supports values,'' according to the Emerging Trends in Real Estate 2005 report, released by the Urban Land Institute and PricewaterhouseCoopers LLP. "These investors wager that an inevitable economic rebound will cover their bets.''
At the same time, 67% of the survey respondents predict real estate will outperform stocks and 95% ...