Home RSS
Real Estate
Cars

Back to Basics Approach Needed for Real Estate Companies to Emerge Stronger From the Economic Crisis

PR News Wire
Back to Basics Approach Needed for Real Estate Companies to Emerge Stronger From the Economic Crisis - Real Estate - Economic Crisis - Housing Crisis - United States - New York


NEW YORK, March 24 /PRNewswire/ -- It is no surprise that the continuing economic uncertainty throughout world markets and the lingering impact of a global credit crunch are seen as the greatest risks faced by real estate companies.



"In this time of great economic uncertainty and lack of liquidity, many companies are proactively looking for ways to effectively manage risk, streamline operations, and enhance their business relationships so they can hit the ground running when markets begin to stabilize," says Howard Roth, Global and Americas Real Estate Leader, Ernst & Young.

The 2009 Ernst & Young real estate business risk report, produced in conjunction with strategy consultancy Oxford Analytica, itemizes the ten top business risks faced by the industry as ranked by leading sector analysts. The top ten risks this year in order are:

  1. Continued uncertainty and impact of the credit crunch -- tighter credit is just one threat to real estate from the crunch; the economic downturn is affecting commercial vacancy rates as well as property valuations.
  2. Global economic and market fluctuations -- due to capital flows and business expansion, the real estate industry has become a truly global industry and, as such, is increasingly susceptible to global market fluctuations.


Source



Add your comment
  Anonymous comment
Nickname:
Password:
  Remember me on this computer

Title:
Send me by email any answer to my comment
Send me by email every new comment to this article





 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.