PROPERTY TRENDS FOR 2017
It is true that real estate investments poses a number of risks, but it can also be extremely rewarding at the same time. To be able to thrive in this sector, adaptability is a must by keeping up with the latest updates on where the market is headed. For interested participants, here are some some tendencies that will shape establishments in the succeeding year:
Recently, the use of this mini aviation tools in commercial activity was permitted--a big benefit for agents as this can be a good avenue to showcase their properties. The innovation also gives customers a better experience when it comes to vetting for homes or offices, as its video feed feature allows viewing of every angle of a structure. Moreover, defects can now be easily detected through the device, saving both money and time in the long run.
Moderate global development
A forecast of economic growth revealed a 3.4% hike, and although this is an increase from the current 3.1% rate, it is still considered as a downgrade of IMF’s initial estimation. The percentage was largely affected by several occurrences such as Brexit and the US economy’s slower than expected advancement.
Election results, meanwhile, played a role in the rebound of markets. However, after the FED raised rates by 0.25%, the stocks are in danger of being affected, hence investors should be familiar of how this could affect the property market.
House building recovery
After a period of slump, next year is seen as a more positive start for housing, which is predicted to climb 11%. Aside from this, commercial construction is also seen to bounce back, going up by 5% and summing up to $713B. While these figures are quite limited, it signals a good outlook for those who concentrate on ground up lands.
Surfacing of new options
There has been a shift in the way people carry out their daily activities due to the concept of assets rent. Optionality is laying out alternatives for the public when it comes to utilizing a space. For example, the idea of combining living quarters with communal areas in apartments have become popular. These offerings are just part of investors’ attempt to determine the best use for their holdings.
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