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Details

  • Service: Advisory, Risk Consulting, Accounting Advisory Services
  • Industry: Building, Construction & Real Estate
  • Type: Survey report
  • Date: 10/21/2011

Real Estate Executives See Marked Improvements from Market Bottom 

Commercial real estate executives expect to see improvements in revenue and headcount next year, but the majority predicts a full economic recovery is years away, according to KPMG's recent real estate pulse survey. These executives also believe distressed real estate will remain an industry issue.

Key findings from the real estate sector include:

  • 64 percent say revenues are higher than a year ago, 28 percent report flat revenues, and 75 percent say they expect revenue to be higher a year from now

  • Half of respondents say improving real estate fundamentals will be the biggest growth driver over the next one to three years

  • 59 percent of executives believe the US economy will improve over the next year, but 57 percent believe the overall US recovery will not take hold until 2013 or later

  • 58 percent say their current access to debt financing is better than a year ago, and half say the current cost of debt financing is about the same as a year ago

  • 75 percent say distressed real estate will have an impact on their investment strategies over the next year
 

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