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Increase in Confidence in Real Estate Industry

Increase in Confidence in Real Estate Industry
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A survey conducted by the College of Business of the University of St. Thomas Opus has revealed that, stakeholders are beginning to gain confidence in the real estate industry. The study, conducted by the Shenehon Center for Real Estate, a research center of the university is an annual project undertaken by the center. It looks into the areas of prices of land, rent, and cost of building materials, occupancy and tenancy issues.

The study further revealed that, more people are hopeful that the real estate industry will pick up soon from the recent near-collapse experience caused by the recent global financial crisis. It further showed that, prices of building equipment have reduced considerably and the rate of return increased appreciably at a rate of about 50%.

The survey was conducted in the form of polls which took the form of two different polls conducted during the year and was conducted by Dr. Thomas Hamilton, Associate Professor of Real Estate at the St. Thomas University. The survey participants are about 50 members, who are all leaders in real estate industries and answering six questions on rent, land and financing. The results were rated on a 0-100 index.

The real estate industry was heavily hit when the global financial sector reached a near-crumble. Prices of goods and services rose to their highest. Financial institutions collapsed and some had to be bailed out by governments. The survey also forecasts into the coming years how the financial sector will perform in terms of pricing, financing and return on investments.

 

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About Drew Wilson

Drew focuses on the Commercial and Mortgage/Finance categories.

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