Services
As part of the advisory process, we ask questions and pay attention to your responses. We develop solutions tailored to your organisation and its unique...
In addition to verifying that financial results are fairly presented and meet applicable professional standards, we provide observations and insight into the...
Dynamic organisations need to focus their energies on driving the business forward and outsourcing could help you achieve this.
Using a combination of reason and instinct, we can work with you to develop a strategy that helps you both understand and manage your tax liability in a...
Energy & resources
Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...
Emerging markets and shifting consumer demand are creating new opportunities in food and beverage, with business leaders investing in new products, markets and...
Dynamic businesses need to move with speed and purpose if they want to capitalise on opportunities in hospitality and tourism. At Grant Thornton, we know...
Across the globe, not for profit organisations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...
We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...
While the impact of the prolonged downturn continues to be felt, pockets of opportunity and optimism have emerged within the retail estate and construction...
Rapid change and complexity are norms, and innovation the fuel in the technology industry. Today’s revolutions – including cloud, as-a-service, social media...
Real Estate and Construction
Microclimates of opportunity
05 Mar 2014Real estate & construction report 2014
Developers, property companies, investors and homeowners suffered disproportionately during the financial crisis. But now, finally, expectations for profitability, jobs and orders are all on the rise.
House prices are climbing in key markets such as the UK and the US, contributing to the so-called 'wealth effect' which boosts the consumption patterns of homeowners. But the market is in no way uniform. 'Microclimates of opportunity' reveals investment is being channelled into cities and regions, rather than countries with even certain areas in economies that suffered badly in the recession, such as Spain and Ireland, becoming attractive again.
Report highlights:
- globally, the sector is more upbeat compared with 12 months ago
- real estate & construction businesses in southeast Asia, Latin America and North America are most buoyant about growth in 2014
- situation in Europe remains tricky, but businesses in east and north increasingly optimistic about orders and profitability
- globally, close to a third of businesses plan to hire workers in 2014, led by Asia Pacific and Latin America
- economic uncertainty, regulations and red tape and a lack of demand are the three greatest growth constraints
- Europe, Latin America and Asia Pacific lagging behind North America in terms of combating fraud and corruption in the sector
More information:
- Read further insight about the Real estate and construction industry
- View the accompanying press release
Read more about our survey methodology here.
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