A new report from audit, tax & advisory giant KPMG says a majority of real estate industry leaders plan to increase their U.S. real estate investments this year. According to their 2017 Real Estate Industry Outlook Survey: Real Estate Expansion Lives On, 52% of real estate executives believe that improving real estate fundamentals in 2017 will be the biggest driver of their company’s revenue growth; 91% are bullish on access to equity capital, and 25% are expecting an improvement in 2017. Interestingly, 51% indicated that foreign investment in U.S. real estate will increase in 2017 – as we have been seeing over the past couple years.
“A growing U.S. economy, coupled with healthy real estate fundamentals and strong access to financing and capital, make real estate leaders optimistic about a continued ‘boom’ in the U.S. market,” said Greg Williams, National Sector Leader, Building, Construction & Real Estate, KPMG LLP.
Key Findings:
1. Conditions continue to be favorable in U.S. real estate markets.
2. Uncertainties in the real estate market haven’t dampened real estate leaders’ bullishness, but they do present some risks that must be understood and managed.
3. There will likely be substantive activity in the sector in 2017 as executives continue to focus on growth, efficiency and customer satisfaction.
Click here to read the full report on KPMG.com.
