Real Estate Services and a Globalized Asset Class

Fall 2003, Vol 28, No 3

Abstract: The last 20 years of the 2oth Century will go down as a period when the international real estate market achieved two things: maturity and global spread. Like a wayward teenager, real estate learned from its mistakes, went to college and became better educated and then demonstrated more prudence and caution than previously. At the same time, with international commerce, trade liberalization and globalized capital came a passport and escalating air miles.