1. Chapter 3 Market Dynamics

2. EU Demographics Old and aging 5 keys for renewal:
Family-friendly workplaces
Flexicurity
Innovative , dynamic business environment
Integration of immigrants
sustainable social net and generational equity

3. Immigration Moderates projected labor shortages, but not the solution
First challenges are integration, acceptance
Stuck in low paying jobs
Alienation, disaffection impacts 2nd and 3rd generations
Immigration

4. Country of Origin

5. Continent of Origin

6. Lisbon Strategy: integrate young workers, keep older workers employed
Flexicurity—protect the worker, not the job
4 priorities:
Research and innovation
Invest in people
Unlock business potential
Energy and climate change
Employment

7. Youth Employment First rung on the career ladder is hard to reach
High school drop-out rates (double U.S. rate)
Good paying jobs for young workers = more demand for homes
Vibrant economies draw foreign investment
Youth Employment

8. Europe 2020 Smart Sustainable Inclusive
Innovation Union
Youth on the Move
Digital Agenda
Sustainable
Resource-Efficient Europe
Policy for the Globalization
Inclusive
New skills and jobs
Platform against poverty
Europe 2020
Roadmap for recovery and progress

9. Residential Real Estate
Real estate bubbles follow “horseshoe” around Europe
Spain and Ireland rapid price appreciation
2006, more housing units were under construction in Spain than in Germany, France, Italy, and the U.K. combined
Huge oversupply in some markets

10. Few Foreclosures Social support systems for unemployed Job security
less excess inventory
Few low-income home buyer initiatives
Tough penalties for loan default

11. Homeownership Overall EU homeownership rate: 70% Except Germany
High rates in former communist countries due to privatization

12. 8 Market Projections Signs of fragile recoveries
Relatively brief crash
No market meltdown
Some quick recoveries
“Normal” won’t be like boom times
Little new construction
Localized supply gluts
Worst performers: Ireland, Spain, East/Central Europe, Greece, Mediterranean
RICS, 2009 European Housing Review
8 Market Projections

13.  FDI Outward
FDI Inward 

14. Why You Need to Know Your own property Common Frame of Reference
Regulation of real estate profession
Search for tax revenues
Business environment
Consumer protection legislation
Professional Services Directive
Subsidiarity and proportionality
Integrated transaction procedures and processes
Sustainability initiatives
Ability to establish a business
Focus on remodeling and retrofitting

15. Build Your Network NAR’s Cooperating Associations Presidents Liaisons
Networking Information System

16. Expos & Events NAR Annual Expo and Convention Barcelona Meeting Point
CEREAN Conference
Expo Real
FIABCI World Congress
MIPIM Europe
RECon
SIMA
More……..
Expos & Events