Book Describes Impact of Global Demographics on Real Estate’s Future
Global Demographics 2009: Shaping Real Estate’s Future explores how demographic trends are affecting real estate investment and development decisions worldwide. The publication, the second in an annual series from the Urban Land Institute, examines major factors that affect land use, namely population growth, urbanization, aging and migration.
Some of the book’s highlights include:
* The greatest population increases worldwide in the next 40 years will occur in China, India and the United States.
* The population of Europe will decline between now and 2030.
* Mature but still growing economies, including the U.S., Canada, U.K., Ireland, Australia and New Zealand, will offer attractive real estate investment and development prospects once the recession subsides.
* The developed world’s large workforce is aging rapidly while the young labor pools in the Middle East, Africa and South Africa are expanding.
* Fertility rates have dropped globally, even in developing countries.
The report states that demographics are the foundation of real estate decision-making. Population, household and income characteristics, along with the direction of future trends, determine whether demand will exist for new housing or retail space. Growth in the labor force and its composition strongly influence the success of office and industrial properties.
http://www.realestateindustrywatch.com/book-describes-impact-of-global-demographics-on-real-estate%E2%80%99s-future/
brought by Moishe Alexander, CFC Canadian Funding Corp CEO