London-base global investment company LaSalle Investment Management told clients that the outlook for global real estate is strong, despite recent turbulence in the U.S. market and debt markets in general.
LaSalle expects strong returns from Europe and the Asia-Pacific region in 2008 as demand outstrips the supply of housing and rentals, and drives up prices.
In the U.S., LaSalle plans to invest more money in health care facilities, senior housing, and student housing. But Jacques Gordon, global head of research and strategy, said the remainder of the U.S. market “should return to normalcy in 2008.”
Source: Dow Jones International News