Declining Births Guiding Real Estate Development, Investment Worldwide
The Daily Transcript -- While the future of real estate development and investment is problematic in many places around the world, prospects may be better in the United States but only where the population continues to grow through births or immigration, according to a national real estate consultant.
M. Leanne Lachman, who also serves as an executive-in-residence at Columbia University's Graduate Business School, was one of the speakers at the Burnham-Moores Center's Second Annual Women in Real Estate Conference on Monday at the University of San Diego.
Along with Europe, Lachman said countries such as Japan, South Korea and Russia and some parts of the U.S. may not be suitable for real estate investment, because the populations are declining or stagnant. (Full Story)