December 16, 2015 | Real Estate Weekly | Christian Bautista
In spite of several economic indicators continuing to exhibit stability, there are signs that property prices are at peak levels and are poised to drift below record highs.
“Properties look expensive. If this isn’t the peak, we’re probably close,” said Peter Rothemund, a senior analyst at Green Street Advisors.
“Green Street’s Commercial Property Price Forecast sent very bullish signals for real estate values from 2009 up until the first quarter of this year,” added Andy McCulloch, managing director of Real Estate Analytics.
“Since then, however, the signals have become notably more bearish, and there is now a good chance that commercial real estate prices will be lower within the next twelve months...”
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