Urban Land Institute associate and Florida CEO, Stephann Cotton was on hand for one of the main gatherings of economists, land planners and real estate developers in North America previous this month, in Washington, DC. According to Cotton, the next real estate cycle will be at slightest a ten-year rebound, as the market picks up—yet anybody in real estate right now needs to be patient, stabilization will be slow and stable.
“Florida’s real estate recovery will absolutely be fueled by international investors, with South America and Canada leading the way—the cup properties, the A-list oceanfront properties are getting better the quickest,” explained Mr. Cotton, CEO of the real estate sales and advertising firm Cotton & Company.
“Economists at ULI’s fall meeting foresee an increase in the number of real estate deals all through the country—backer confidence is rising, until now according to ULI’s senior fellow for Finance, Stephen Blank, we’re entering the ‘era of less,’ meaning we’re moving near more realistic return expectations.”
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