For real estate investment funds, after the peak in 2007, the appearance of new instruments has begun to decline after mid-2008 with the collapse of Lehman Brothers. The 10 largest in Britain fell 20% as a result of minor variations and removal of cash from the owners.
The new funds have less leverage. Those that were created in 2004-2005 put together his portfolio, bought highs and are now paying the consequences, but those who have not invested during 2006-2007 and are still going to make excellent liquid operations. Broadly speaking, investors are always seeking security, liquidity and the highest return on their investment. Generally getting 2 of the 3 is covered, but in Real Estate which is not easily achieved is liquidity. Nor can always measure accurately the level of risk as to give a classic example: whether the sole occupant of a major office building will fulfill the entire contract (remember Enron). This creates great uncertainty, the worst situation in real estate.
The local vision

Kreimer Nestor, president of the developer Kuantica noted that “no doubt that the inverter model 2009 has few similarities with the operators of recent years. Today professionalism is a condition of subsistence to generate good business and operate as a power-house of more sophisticated investors, and in turn, be a facilitator of new opportunities and markets to test turbulent times.” In turn, stressed that “now is not for sale what is built, if not to be built what sells.” Meanwhile, Ricardo Andino, president of the Federación Argentina de Entidades Construction (FAEC) notes that “talent is the current investor to be alert and prepared for the inevitable change holds for crisis situations, applying the lessons they left past mistakes. ”
Peter Nicholson, Partner of the Department of Real Estate Investment Beccar study Varela said that “it is difficult to describe the current local investor profile. The money is “available” for investment opportunities, investors both “loners” and also pooled funds, others still in search of good opportunities in the local market.
In what is certain is that the current investor is professional, Nicholson insisted. The amateurs were out in recent years and currently, only those with great sophistication can cope with the demands of Real Estate today. ” Investors have always been the basis of local housing activity and occupied a major space but not conquer logaron bank financing, even in the favorable business cycle. They gained great notoriety in the 2001 crisis when there was increased mistrust of financial institutions and traditional saving methods that transformed the estate into a refuge for value. Expanding the universe of investors since 2004 came “by the appropriate cost-price, encouraging the construction of numerous developments, funded by those remaining had some savings and a certain level of monthly excess whose purpose was to obtain profit or income. In turn, commented that “currently evaluating business models not only provides for ‘location’ and its long-term profitability, as above, but focuses on product design, its competitive advantages and extensive knowledge of local market , prioritizing safety over investment returns.