14.03.2012 - 2012 global real estate market will be reverse image of 2011
2012 will be a reverse image of 2011, and a tale of two halves for the global economy and the world's commercial real estate markets, according to global real estate services firm Cushman & Wakefield's latest MarketView report. While there was a healthy start for 2011, rising uncertainty surrounding the resolution of sovereign debt issues in Europe and the U.S. led to a slowdown in the economy and commercial real estate activity in the second half of the year. The exact opposite performance is expected for 2012, with a sluggish beginning giving way to improvements in the latter half of the year. "Despite uncertainties, there remains a well of pent up demand in most nations," said Glenn Rufrano, President and Chief Executive Officer of Cushman & Wakefield. "As the year progresses and uncertainty subsides, improving economic conditions will support a boost in commercial real estate activity." (Press Release)
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