Tuesday, 24 December 2013

Economic benefits of professional real estate associations

By Kirthi Hewamanne
It is an established fact that the Real Estate industry makes an important contribution to the economy of a country and to the welfare of its people.

Housing is a key factor in measuring the standard of living of a society, and is an indicator of the economic growth of a country. It is said that the total value of buildings and housing stock of a developed economy is the greatest single source of invested capital and the revenues generated from this sector represent a large slice of the country’s national income. A significant number of the working population of such countries is either directly or indirectly dependent on this business or its related activity.


(Source: Daily Mirror)

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