The
non-resident or commercial real estate industry has been impacted significantly
by the recent advancements in technology and notable demographic shifts. The
profitability of the industry is continued to be impacted by macroeconomic
factors. How do real estate companies get a competitive edge to survive in the
long-run? Here are a few trends that need to be paid attention to in 2017. The
mismatch between demand and supply continues to exist owing to labor shortfalls
and permit-issuance delays. The financial performance of realtors may be under
pressure. Mortgages, house prices, commodity prices and the spending in
commercial activities are likely to increase gradually. Backlogs and
architectural billings indicate slow construction activities.flats for sale in bangalore " apartments in bangalore Apartments in sarjapur road - Flats in sarjapur road
The
key enablers for growth in 2017 include sustainability, predictive analytics,
3D printing, cloud, mobile technologies and enhanced productivity outsourcing.
Deloitte probes Gross Domestic Product (GDP) to grow 2.5% in 2017 and the
diffident economic improvement to temper the pace of commercial real estate
industry. The expert team of economists at Deloitte predict the Federal Reserve
to raise interest rates in the short-term to medium-term. The team also probes
the employment-to-population ratio to increase in 2018. Moreover, the improving
labor markets and household wealth are expected to boost consumer confidence.
The compliance and administrative costs are expected to increase as a result of
new accounting standards on lease accounting and revenue recognition. Source: https://goo.gl/L7NUkS
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