Global real estate markets witnessed diminishing returns in 2017, which gave room for investment diversification, a development which led to the expansion of the frontiers of the real sector, a newly released report by the Royal Institution of Chartered Surveyors (RICS) has revealed. The report, conducted by the Investment Risk Forum (IRF) of the RICS – comprising of more than 40 of the world’s most influential real estate investors, came a decade after the crisis in real estate hit the world. “Besides, advances in risk management have come at a time when real estate investment has reached new all-time highs, with yields noticed to have been compressed and competition for returns is fierce. Firstly, the industry needs to ensure that comparable real estate market data is available across borders as there is a lack of quality benchmarking data in many markets. In addition, common standards that underpin real estate information would ensure property data is more transparent, comparable and meaningful across markets, to allow better and informed decisions on investment risk.

Source: Nigerian Tribune January 17, 2018 03:02 UTC