StudentShare solutions
Triangle menu

Real Estate Development, Construction, Economy - Thesis Example

Not dowloaded yet

Extract of sample
Real Estate Development, Construction, Economy

The correlation of real estate, construction and economy is so big that a downfall in the industry can jeopardize the whole economy for years. Japan has faced it in the eighties and economies of USA, Britain and many other are facing today.
The real estate and construction sectors combined had of late been a booming business all over the world and make up one of the largest business segments in the U.S. economy. Real estate development takes place in three major areas: Residential, Commercial and industrial. In residential segment consumers are encouraged to buy houses on account of low interest rates prevailing in the market, Sub-prime lending, lower return from other segments or stock market investment. Home owners are interested in remodeling old houses that is also part of construction industry real estate
According to 'The Economist' the total asset in residential property in developed economies was worth $48 trillion and in commercial property worth $14 trillion in 2002. This was 54% of the total assets in two classes of assets, Property and financial.1.(Wikipedia)
From the sources of Bank of International Settlement and wall Street journal it has been found that over three years from 2001-2004 housing values have moved up 63% in Spain, 48% in France, and nearly doubled in South Africa. In single year in 2004 prices have rises 48% in Bulgaria, 19% in Hong Kong and scaled up in China, UK, Australia and India. 2. (Global Real Estate Boom)
Real estate prices had unprecedented rise for so long and so fast in many countries of the world-America, Britain, Australia, France Spain, and China. Rising property prices helped to prop up the world economy after the stock market bubble burst in 2000" According to estimates by The Economist, over the last five years the total value of residential property in developed economies has gone up by more than $30 trillion. Over the past five years, to over $70 trillion. This is an increase of about 100% of the combined GDP of those countries. This dwarfs any previous house-price boom. It is larger than the global stock market bubble in the late 1990s or America's stock market
Real Estate Dev..3
bubble in the late 1920s (55% of GDP). It is perhaps going to be the biggest bubble in history. There is a definite comparison between the real estate bubble of Japan in 1989 and that of 2005 in USA/UK
Real Estate bubbles are created from time to time in some countries at certain intervals though it is not fixed and not forecast able. It occurred in 1920, 1980 and again they are threatening to raise heads in 2007-08 in USA, UK China and some more countries. This time the house prices have been rising up for long. More than 25% of homes bought in USA and UK are for investment purpose not for owner occupation showing that the investment in housing is for speculative motive. Majority of first time buyers did not make any down payment for the loan sanctioned. The home prices in most of countries have gone ...Show more

Summary

Real estate assumed great importance with faster development of private property ownership. Purchasing and developing real estate requires large investment. Real estate development is a multifaceted business that includes renovation of existing building and construction of new building by arranging finance, marketing the lot, providing lead management of the whole project and running the risk of market ups and down…
Author : bell55
Real Estate Development, Construction, Economy essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the thesis on your topic
"Real Estate Development, Construction, Economy"
with a personal 20% discount.
Grab the best paper

Related Essays

Marketing analysis for Construction Forensic
The image of the construction industry has been modified from consumer goods market to service market. The shift of the emphasis would provide numerous opportunities for Architectural and engineering firms and allow them to offer new services. In the light of improved opportunities, we find that the general contractors now offer a number of services such as: financial assistance, management of the total program, operations and maintenance, and renovation besides the core service of designing, building, and construction management1.
15 pages (3750 words) Thesis
Satirical Shows and Internet Bloggers are the Fifth Estate
In the process, individuals are becoming informed while being entertained. Which is not to say that any of this is absolutely positive progress, for bloggers can spread lies and innuendo that spread like wildfire throughout the net. Witness the issue of the death panels in the health care plan – while there was no basis for these so-called death panels, rumors of them caught fire in the blogosphere, and soon even non-blogosphere people like Rush Limbaugh took the bait and ran with it.
11 pages (2750 words) Thesis
Development of Rural Economy
This paper also talks about various issue and problems that economies throughout the world face in order achieve rapid economic growth. However, this paper pays particular attention to the issue that economic growth or development experienced by most of the countries in the world is not evenly distributed.
33 pages (8250 words) Thesis
Real Estate Investments
Any similarity in their functions is purely coincidental. In order to get better idea about the strengths and weakness of these two investments, as also the advantages the investment funds have over the equities, it is necessary to look into their features separately.
5 pages (1250 words) Thesis
BUSSINESS ENVIRONMENT
Tata Steel taking the benefit stands as a strong competitor in the world economy today (Economy Watch, n. d.) Tata has its operations in seven business sectors. One of these is the steel industry named Tata Steel. Tata
16 pages (4000 words) Thesis
Satirical Shows and Internet Bloggers are the Fifth Estate
the millions of Internet bloggers, to satirical shows such Jon Stewart, Bill Maher and Stephen Colbert’s shows, to other satirical shows such as South Park and The Family Guy, to documentaries by Michael Moore, individuals are getting their news in different ways than ever
11 pages (2750 words) Thesis
To examine what entrepreneurial activities Abbey properties UK used to survive the recession from 2007 - 2010
Apart from the financial sector, the other sector that was badly affected by the UK recession was the real estate and property industry (Cooper, 2008; 196). Many property agents collapsed, others cut their
12 pages (3000 words) Thesis
Analysis of Hong Hong Property Market and Suggested Policies
According to IMF, the property sector of HK symbolizes about 50% of the outstanding loans and if there is any sharp property price correction, and then it would result in another subprime mortgage crisis. HK property market is famous for its volatility
40 pages (10000 words) Thesis
Economic and Environmental Advantage through sustainable Real Estate Development
The ice age signifies such a change when all most all the previously existing life species on earth became extinct, however the mother specie plant kept on living mostly
50 pages (12500 words) Thesis
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation