FIABCI-USA, the International Real Estate Federation – U.S. Chapter held a Luncheon in the private delegates’ dining room at the United Nations on Friday March 27 to address the continuing need for cross-border cooperation in international property markets. FIABCI enjoys special consultative status with the Economic and Social Council of the United Nations and regularly address real estate issues at UN offices around the world. The Luncheon featured speakers from the International Monetary Fund, the Center for International Private Enterprise and the Global Indicators Group of the World Bank. The Luncheon followed a daylong, high-level global conference held in cooperation with FIABCI Academic Member the George Washington University School of Business’ Center for Real Estate and Urban Analysis focused on global capital flows.
Hites Ahir, Senior Research Officer at the International Monetary Fund introduced the Global Housing Watch a new IMF initiative that tracks global housing prices, credit availability and housing price-to-income ratios. Frank Stroker, Assistant Program Officer at the Center for International Private Enterprise looked at the importance of democracy and entrepreneurs to economic development and highlighted the International Property Markets Scorecard, a property markets systems analysis tool that has been used by emerging market countries around the world to improve their property markets. Finally Laura Diniz, Operations Analyst from the Doing Business Unit of the World Bank updated the attendees on FIABCI’s cooperation with the World Bank on collecting data on property rights using its extensive networks around the world.
FIABCI World President Robyn Waters was a featured speaker at the George Washington University conference addressing global real estate development opportunities, especially in her native Australia. Investing in direct and indirect real estate has been globalizing at a rapid pace over the past two decades. There is more competition among capital providers, more investment opportunities and providers need to make even more informed decisions about where and in what type of real estate they invest.
“I am extremely pleased to have ended my term as FIABCI-USA President with this outstanding opportunity to examine the condition of international property markets and be a part of this organization that has been active in the UN since 1954,” noted Edward Alford of South Hadley, MA who passed the FIABCI-USA President’s Gavel to Ruth Kruger of Aspen, CO at the conclusion of these meetings. The next FIABCI event will be the 66th FIABCI World Congress held in Kuala Lumpur, Malaysia from May 26-31.