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"The development of the Real Estate industry has significantly contributed to the economic growth of many countries both advanced and emerging, and it has largely been propelled by the adoption of innovative strategies (e.g. financing of investment projects, in-sourcing versus outsourcing of facility and property management services) by Real Estate specialized players, banks, owners of large portfolios of RE assets and public administrations. International Real Estate markets have been affected by the subprime crisis, the credit crunch and the economic recession. This situation is putting the results of RE players, both the investors and the providers of professional services, under severe pressure. Players are coping with the new adverse scenario reviewing their business models and adopting such measures as streamlining their operations or refocusing their portfolios. The future RE business which will emerge from the crisis will differ substantially from the one we have known so far in terms of players and competitive strategies. Those who won't succeed in adapting themselves to the new environment and innovating their value propositions are destined to be progressively emarginated."
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