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Real estate insiders see market upheaval into 2010 28/09/2008
The majority of real estate execs -- 60 percent -- say the current credit crisis is the event with the single-greatest impact on the commercial real estate industry during the past 20 years, according to a national survey conducted by law firm DLA Piper.

The survey measures the attitudes and perspectives of 424 top executives within the commercial real estate industry.

The majority of all respondents -- 62 percent -- don’t expect the real estate markets to stabilize until 2010, and 22 percent don’t expect to see stabilization until 2011.

The majority of all respondents -- 51 percent -- expect foreign investors to be the most active in the U.S. during the next year.

And most -- 90 percent -- describe themselves as bearish, up sharply from 68 percent from last October’s survey.

And eight out of 10 respondents do not believe that the recent developments concerning Lehman Brothers, AIG and Merrill Lynch signal the “bottom” of the cycle, nor do respondents think they provide the “first sign of light” at the end of the credit crisis tunnel
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