Housing Giants - December 10, 2008 - (Page 7) Viewpoint By Bill Lurz, Senior Editor Middle-easT invesTors eye real-esTaTe if you want to know why I’m optimistic that home builders will eventually find sources of capital to replace bank financing for site acquisition and development of future projects, check this out: The Middle East’s wealthiest private investors may seek to take advantage of collapsing real-estate markets in the West by increasing their investments in the U.S. and U.K., according to research done recently by Capgemini and Merrill Lynch. Such investors now control about $1.7 trillion in assets, a figure the researchers say will rise to $3.4 trillion by 2012. “Our clients are asking us about U.S. distressed real-estate, and we’ve These equity investors are going to be key to the industry’s recovery, Bill notes in his blog. had a lot of interest in the U.K. commercial property market, particularly in London, where prices have declined Video editorial Bill relays how to deliver homes no one else can match. www.Housinggiants.com 12.10.08.Housing giants http://www.housingzone.com/blog/1360000536.html http://www.housinggiants.com
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