Unchartered territory
Unchartered territory
- 2006
- EuroProperty March 2006, 16-17(2) .
Figures suggest that the US property market is booming, returning record profits for investors and attracting ever greater funds for investment. A new wave of people who have never invested in real estate before are starting to come in triggering a surge in the market. However, there is anxiety that this boom will go bust. It is feared that interest rates will significantly increase, thus leading to a decline in real estate prices. Global stability is another factor; the possibility of catastrophic geopolitical events and further rises in the price of oil is a major concern.
UNITED STATES
Figures suggest that the US property market is booming, returning record profits for investors and attracting ever greater funds for investment. A new wave of people who have never invested in real estate before are starting to come in triggering a surge in the market. However, there is anxiety that this boom will go bust. It is feared that interest rates will significantly increase, thus leading to a decline in real estate prices. Global stability is another factor; the possibility of catastrophic geopolitical events and further rises in the price of oil is a major concern.
UNITED STATES