| We at the Calstatecompanies’ Center for Real Estate Studies (CRES) are encouraged by most of the developments at the start of the new decade for the prospect of the real estate markets.
The deal between the US and China to resolve their trade disputes leads us to believe that our economy will regain some strength in 2020, after suffering in 2019. Uncertainty about future trade arrangements was one of the major drivers for restrained real estate investment spending and the main reason why our economy lost so much steam in the past year.
In addition, the parliamentary elections in the UK in December 2019 and the overwhelming vote to leave the European Union (EU) at the end of January 2020 are also sent clear signals, which have reduced uncertainty for the real estate investment markets. The UK left the EU on 31 January.
The uncertainty about a potential escalation of the US-Iran conflict also started to abate as Iran decided to avoid direct military with a token retaliation after the assassination of General Soleimani by a US drone.
ABOUT THE AUTHOR: Eugene E. Vollucci, is considered to be one of the foremost authorities on real estate taxation and investing and has authored books in these fields published by John Wiley & Sons of New York. He is the Director of the Center for RE Studies, a real estate research organization and President of calstatecompanies. To learn more about the Center, please visit our web site at http://www.calstatecompanies.com