"The whole word is going REIT," he said. "REIT my lips." He noted that REIT structures are coming to England and Singapore, among others.
He noted the importance of instituting global property rights, an issue Fiabci is actively working on. "We need government intervention, tight planning," he said, adding that the better values are realized through zealous city planning.
The money out there chasing properties also came up. "The wall of money--the enormous amounts of money in real state are a little bit scary," he said. "People go into real estate because of a crush in the equity market." Due to M&A mania, investors are spending on the global front.
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