EY: Foundation Stabilizes for Dealmakers

NEW YORK CITY-Six months has made a change for the better in real estate executives’ outlook, as an EY survey has found an overwhelming majority of them see the global economy improving or stable. Eighty-five percent of the executives surveyed this past April shared that assessment, compared to just 65% when the biannual survey was last conducted in October 2012, says EY.

Survey respondents reported an even bigger leap in confidence when it comes to credit availability. Fifty-one percent of the 117 senior executives from around the world say credit supply is expanding, compared to just 18% six months prior—although a plurality of respondents (49%) nonetheless say cash is king in financing deals.