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Commercial Real Estate Scenario 2017

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: