Real estate: 1996 - the turning point to the twenty-first century

Article Abstract:

The year of 1996 marks a turning point in the real estate industry in the US. The year was a significant improvement over the effects of overbuilding of the 1980s that affected the business up to 1992. The recovery of the market can be attributed to several factors including the lack of any new office construction in the 90s, the growth of small and mid-sized firms and the downsizing of large corporations, and the emergence of longer-term leases and low rental rates. Forecasts for 1997 are also favorable as the economy continues to grow with low inflation figures and the control of the construction of new office buildings.

Analysis, Prices and rates, Real estate development, Office buildings, Rents (Property), Downsizing (Management), 1996 AD

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1997 midyear real estate market review

Article Abstract:

The global property market performed satisfactorily in the middle of 1997 with US aiming for continued economic growth for 1998. North America, for instance, marked a decrease in the average vacancy rate at 11.9% for the midyear of 1997 from 12.4% in the first six months. Asia, on the other hand, has a combination of strong and weak markets. In Thailand, rents are falling at bargain prices while in the Philippines, rates are expected to be raised at 15% by the end of 1998. Further, only a few European property markets, which include Ireland and Spain, have active property market conditions.

Europe, Asia

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