CB Richard Ellis Thinks International Real Estate Will Continue To Rise
CB Richard Ellis has an interesting white paper out on why they expect international commercial real estate to continue to increase in value. The one part that really caught my attention is the rise in petro dollars. While the average consumer see’ the price in a gallon of gasoline, the huge windfalls are being captured by those that pump the oil from the ground.
As seen in Dubai, these dollars have to go somewhere and there is a huge influx into the commercial real estate world’s infrastructure. Now these oil mavens can not continue to only build in their backyards so expect to see the influx in their windfall earnings to continue to go to real estate.
The 3 main reasons commercial real estate is booming worldwide are according to CB Richard Ellis:
- The rise of international institutional investors with heightened participation across different regions;
- Economies of the BRIC Group (Brazil, Russia, India and China) are growing at a rapid rate, and this phenomenon is attracting an influx of international capital into emerging markets; and
- The growing power of the petrodollars, which are increasingly flowing out of the Middle East and towards global real estate markets.
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
Comment by Sam Chapman on 18 July 2007:
Dubai is amazing. The skyscrapers, the reclamation of land from the sea and the development are all impressive. As impressive as that is, the poverty of the workers is equally amazing. Oil, dollars and traditional values? Right!
Pingback by International Property News Beat - Asian property world’s strongest, Bulgarian property marketing still ahead of Romania & Optimism in the growth of international real estate - Overseas Property Blog :: guide to international real estate investm on 25 July 2007:
[...] CB Richard Ellis Thinks International Real Estate Will Continue To Rise [Real Estate Bloggers] [...]