Global real estate industry or the continuation of 8 years of recession

Global real estate industry or the continuation of 8 years of recession

International Monetary Fund (IMF) on Wednesday warned that the global real estate industry's prospects "bleak", the industry's recession may last for 8 years.
International Monetary Fund said that in the United States, Spain and Ireland "damaged" state, and in the Asia Pacific region, most countries in Scandinavia and Canada, " ecco shoes on saleResilience in the" economy, the real estate industry issues are also present.
In the U.S. market, and compared to previous economic cycles, investment activities in the housing market remains in a serious state of suppression. International Monetary Fund said in a report, the U.S. housing market was partly inhibited by the housing prices and the impact of domestic debt outstanding. In addition, some states in the U.S., housing prices is even more significant damage, the reason is that these states the highest unemployment rate of growth.
International Monetary Fund said in the report: "This relationship is likely to reflect the construction industry in economic importance of these countries,clarks womens shoesbut also reflects the problems from the real estate industry has led to decline in employment flexibility." The report said U.S. and British tax stimulus measures are only the real estate market activity played a role in temporary boost.
The report further pointed out: "especially in the U.S. market, a mortgage modification scheme in view of limited success of the actual situation, coupled with the housing from foreclosure or default of the 'shadow inventory',   Belle Mens Shoes has re-ignited on the real estate market will fall into 'double dip' concerns about emotions. Many things will depend on the process of economic recovery - if the rate of job creation will slow, the housing market into a 'double dip' the risk of naturally will increase. "
International Monetary Fund has also quoted from the market research firm Foresight Analytics, said the data, the real estate market faces a number of other risks, such as commercial mortgage-backed bonds, default rates hit record levels, and a total of 566 billion this year and next dollar bonds will be due and other commercial real estate.
The report also noted that the adjustable rate loans looming prospect of clearing this loan refinancing options are limited, because many loans are in "below the surface."  clarks shoes sale In addition, loan losses caused by default and more stringent capital requirements may lead to tightening credit markets back into position.
In Asian markets, the IMF is worried about is that while the fundamentals of the real estate market will look to provide support for the housing prices, but given the relatively short track record in these markets the reason, based on econometric projections made by the relatively low reliability of the data. In addition,mbt shoes sale  speculative activities, increased commercial real estate vacancy rate in the large-scale mortgage credit growth, and the influx of funds and other factors may indicate that the Asian real estate market overheating.