In the recession, the development of the real estate sector in US was extraordinary, which led to economic growth, improvement of demographics and liberalization of foreign direct investment. But this uncertainty in the real estate sector is now showing signs of deflation.
What is the reason for this trend in this field? What course will be accredited in the future? This article attempts to find answers to these questions…
An overview of the real estate sector in US
Since 2004-05, there has been tremendous progress in the real world of US. The real estate sector timeshare exit companies recorded a growth rate of 35%, valued at US$155 billion, and is expected to grow at an annual rate of 30% over the next 10 years, increasing significantly to US$30 billion. I was attracted. Information technology parks and residential towns are being built all over US.
The term residential real estate includes commercial facilities such as residential and commercial buildings, theaters, hotels and restaurants, and industrial buildings such as retail stores, factories, and government buildings. Real estate includes the sale and development of residential and non-residential land and buildings. Activities in the real estate sector also include the hospitality and construction sector.
This sector is the largest source of employment in the country and the second largest employer after agriculture. This sector is linked back and forth with approximately 250 sub-industries such as cement, bricks, steel and building materials.
Therefore, an increase in the unit of expenditure in this sector can generate more than five times the income.
It appears in all directions
The real estate sector consists of 80% of residential units and is growing at a rate of 35%. Reminders include business class offices, shopping malls, hotels, and hospitals.
Housing Units: Increasing middle-class incomes in the American economy, increasing nuclear families, lower interest rates, a modern approach to homeowners, changing attitudes of the young working class to 9%. We also contributed to the increase in the demand for housing through purchases and repurchases wesley financial group reviews.
Homes used to cost more than 20 times the annual income of a buyer, but today many homes are less than 4.5 times worth.
According to the Eleventh Five-Year Plan, the housing shortage in 2007 amounted to 24.71 million, and the total demand for housing (2007-2012) was 26.53 million. The total financing requirement for the urban housing sector in the eleventh five-year plan has been determined to be Rs 361,318.
The following table summarizes the investment requirements for the Eleven project.
The need to invest the screen
Housing reduction at the beginning of the eleventh project period 147,195.0
A new increase in the housing stock during the planning period, including additional reductions in housing during the project period 214123.1
Total housing requirements for the project period 361,318.1
Office Coverage: With the American economy growing rapidly, the demand for commercial properties that help in meeting business needs is increasing. The need for commercial office space is growing by bridging the outsourcing, information technology (IT) and organized retail industries. For example, IT and intelligent transportation systems alone are estimated to require 150 million square feet across US by 2010. Similarly, the organized retail industry will need an additional 220 million square feet by 2010.
Shopping Centers: Over the past decade, the compound annual growth rate (CAGR) in urban areas has increased by 2%. With the growth of the service sector, it has not only increased the income of urban residents, but also increased brand awareness therefore check timeshare compliance reviews. In numbers, the US retail industry is expected to reach around 2015 billion dollars around 2015, which is expected to double by 2015.