Credit Issues Slowing Recovery, Execs Say
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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