The changing global economy, tighter debt markets and widespread demographic shifts are expected to have the most significant impact on real estate in the near- and long-term, according to an annual report published by the Counselors of Real Estate. The report says the issues represent both risks and opportunities for the business.
The list was developed by members of the CRE External Affairs initiative, led by research executive and author Peter Burley and Victor Calanog, chief economist and senior vice president of Reis. The organization’s 1,100 members around the world undertake a collaborative dialogue on current issues and trends to identify the final list, which follows.
The changing global economy. The International Monetary Fund has revised GDP growth downward for much of the globe in 2016–17, as economic uncertainties continue and intensify. Currency issues, declining exports and soft energy prices add to volatility (as refle