Own A House - real estate market news

On results of 2008 the volume of transactions under direct investments into the commercial real estate will decrease approximately twice in comparison with 2007. Such information has been represented in the report, prepared by experts of consulting company Jones Lang LaSalle.
Experts have made such forecast proceeding from significant decrease in volumes of direct investments into the commercial real estate in the world on results of first six months of 2008.
According to their calculations, in January-June of this year the total amount of transactions in the world under direct investments into the commercial real estate has reduced, in comparison with the similar period of 2007,it has reduced on 41 % - up to $233 billion, and volume of transactions under the international direct investments into the commercial real estate - has reduced on 43 % up to $104 billion.
Jones Lang LaSalle analysts consider that expected further easing economic during the remained part of 2008 and all 2009 will keep pressure upon cost of real estate objects. Investment activity will proceed, but it will not reflect re-establishment of demand.
In their opinion, during last months of 2008 and in the beginning of 2009 the majority of transactions under direct investments into the commercial real estate will occur due to own means of the companies.