Study: Real Estate Still Red Hot

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Report says the sector will continue to attract money, so long as interest rates remain low...

NEW YORK (Reuters) - Real estate will still be a money magnet in 2005 -- after record levels of investment in 2004 -- if yields on bonds and other types of assets this year continue to look less attractive, according to a report released Wednesday by PNC Real Estate Finance.

The industry's strength will stem from a bountiful flow of capital still pouring into real estate, according to the Annual PNC Real Estate Outlook.

Nicolas Buss of PNC Real Estate Finance, part of the PNC Financial Services Group (Research) in Pittsburgh, told Reuters he sees no slowdown this year in "the gobs and gobs of money thrown at real estate."


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