The Real Deal Miami

Investors nervous about 2009

December 19, 2008 05:36PM

Real estate investors are concerned about financing, the
creditworthiness of tenants, and unforeseen economic problems next year,
according to the 2009 real estate investment outlook prepared by Marcus
& Millichap, National Real Estate Investor and Retail Traffic. But
51 percent of survey respondents, many of whom are private investors
and who have an average of $32 million invested in real
estate, said they plan to increase their real estate
investments in 2009. Only 11 percent said they intend to decrease their investments. But 40 percent of those surveyed said they
expect it to be even harder to obtain financing a year from now while
59 percent said they think mortgage rates will be higher. Of the
investors surveyed, 58 percent have their money in the residential sector and 42
percent invest it in the office sector. TRD