Credit Issues Slowing Recovery, Execs Say — New York Real Estate

Credit Issues Slowing Recovery, Execs Say

by Raja Tayeb on April 7, 2010

slow recovery

A survey of 200 real estate executives by Akerman & Co, a national commercial real estate company, reveals they believe credit issues and the volume of distressed properties continue to inhibit the recovery of the real estate market. The report found that:

  • 79 percent of respondents said availability of credit and other financing challenges was the most pressing issue facing the industry.
  • 65 percent believe that large inventories of lender-owned properties are preventing a recovery in the commercial real estate industry.
  • 44 percent said inventories of distressed properties and their effect on pricing was the second most pressing issue.
  • 54 percent believe residential is the real estate sector best positioned for a recovery.
  • 20 percent said the industrial sector is best positioned.

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Source: Akerman Senterfitt (04/05/2010)

Posted via web from New York Real Estate Access | Real Estate Blog

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2 Responses to Credit Issues Slowing Recovery, Execs Say — New York Real Estate

  1. Pingback: credit fix

  2. A stalling economic recovery weening firms off debt by as they increase their cash reserves has a bright spot. http://euandus3.wordpress.com/2010/08/02/1039/

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