Is the worst over in the real estate market?

After months of discouraging economic news and forecasts from around the world, some hopeful signs have begun to appear on the horizon. With itÂ's cover theme of 'The WorldÂ's Markets Look Toward Recovery,' the just-released Fall 2002, issue of PricewaterhouseCoopersÂ' Global Real Estate Now offers a number of key trends and developments that players on the world real estate stage will need to consider to take advantage of opportunities as they arise.

'All in all, there appears to be a consensus building that the worst is probably behind us,' noted Nick Cammarano, PricewaterhouseCoopersÂ' global real estate leader, 'In Europe, barriers to international real estate investment continue to fall and countries involved in the European Union have begun to cooperate more closely on real estate tax matters, while in the U.S., a number of real estate organizations have been at the forefront of the effort to bring about positive change in matters relating to financial disclosure to investors.'

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(source: PricewaterhouseCoopers LLP)

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