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Essay / Research Paper Abstract
This 4 page paper examines the external environment using three components: the remote environment, the industry environment, and the operating environment. Using a Real Estate Development company the paper analyses several major changes that may be expected to have a major impact on the remote, industry, and operating environments in the next 10 years. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TErealest.rtf
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Unformatted sample text from the term paper:
there will be a ranger of short and long term issues impacting on the way they decide to operate. The student may choose any development company they wish. The
remote environment is the more distant environment where they are unlikely to have any control, therefore they need to respond and react with the use of potential forecasting tools. The
remote environment in the United States is one where there is somewhat of a real estate boom. There have been social changes which are resulting in higher levels of home
ownership than ever before (Detamore-Rodman, 2006). The desire for individual and families to own rather than rent is increasing the demand for private rather than rental homes. The current low
interest rates which are being held to sustain the economy while the dollar remains very weak is also making house purchase more affordable and mortgage or home loan repayments will
be relatively low. This is likely to continue and as such the demand for rental accommodation is also likely to decrease, Where there is high demand this is also likely
to increase the demand for starter homes in the short term, and family homes in the long term as people climb the property ladder.
At the same time real estate is also being seen as a better investment than in the past. The growth in the market and increase in the process
that real estate is sold for as well as a change in federal tax law in July 1997 has made real estate more attractive that previously when compared with alterative
investments such as equities. The legislation allows a single person the ability to sell a home and realise a $250,000 capital gain without incurring any tax liability or $500,000 for
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