While the unprecedented levels of fiscal and monetary stimulus have helped keep the economy afloat during the pandemic, it could ultimately result in market volatility, according to the Urban Land Institute's Global 2021 Outlook
ULI says stock market bubbles and renewed inflationary pressure in the US and Europe have become much larger concerns for CRE leaders than they were last year.
"In the US in particular, we have an asset pricing bubble that's not in real estate per se—I don't think we're leading this," a US investment manager told ULI. "But if you just look at the multiples of companies that trade in these different indices, I do think that there is a real risk of an asset pricing bubble resetting, and that would have a very material impact on real estate."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Unlimited access to GlobeSt and other free ALM publications
- Access to 15 years of GlobeSt archives
- Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
- 1 free article* every 30 days across the ALM subscription network
- Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
