Investment market: "No hard landing"
Despite the global credit crisis, LaSalle Investment Management estimates there will be no hard landing on the property investment markets. They view the total outlook for investments as still good because institutional investors are generally increasing their allocations to real estate and fundamentals remain strong and capable of weathering a slowing global economy. There are even new opportunities, says Jacques Gordon, responsible for global investment strategies at LaSalle Investment Management, as tighter lending requirements in North America and Europe ”are putting moderate-leverage investors in a better position to secure deals at improved pricing.“ Robin Goodchild, LaSalle’s Head of European Research and Strategy, continues: “For those who do not rely on financial engineering and carry trades to generate pro-forma returns, the future offers a return to more normal leverage and margin levels which enable those who truly understand the property markets to prosper.”