Details

  • Service: Tax, Mergers & Acquisitions, Valuation Services, Advisory, Transactions & Restructuring, Corporate Finance, Transaction Services
  • Industry: Mid Market, Private Equity, Building, Construction & Real Estate, Financial Services
  • Type: Survey report
  • Date: 10/11/2011

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.
Pulse Survey - Real Estate
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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 U.S. economy will improve over the next year, but 57 percent believe the overall U.S. 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