Expectations of robust real estate returns in 2005 are being curbed by...

Expectations of robust real estate returns in 2005 are being curbed by fears of rising interest rates and sluggish economic and job growth, according a survey of investors and others in the real estate industry by the Urban Land Institute and PricewaterhouseCoopers. In addition, 67% of respondents to the Emerging Trends in Real Estate 2005 survey predicted that real estate will outperform stocks next year, and 95% believe real estate will outperform bonds. Respondents generally expect private real estate to outperform both domestic stocks and public real estate next year.