"We look forward to revive the property market in the coming year. We see three major reasons for this. First, the economic recovery, albeit moderate, is still going strong. This year, the private sector added 1.2 million jobs is a serious figure.
Secondly, quality assets are sold off in haste nor investors nor lenders. Therefore, prices for quality assets have fallen not so much. Third, interest rates are at historically very low level, it will help finance the purchase of assets in real estate.
We expect that the combination of these factors will begin to revitalize the real estate market in the second half of 2011 and 2012. This will affect commercial real estate market and residential real estate market has begun to revive, it is visible and the rents, and on indicators of free housing, "- said in a live CNBC managing director of Marcus & Millichap Hessami Naji.