A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP
A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP
Martin Bruhl
Opinion

Opinion

Concrete Analysis by Martin Bruhl

The real estate investment industry’s most important lessons from 2007’s financial crash

Risk, particularly, must never again come at the expense of responsible investment

Martin Bruhl

Updated: 7:45pm, 24 Oct, 2017

Why you can trust SCMP
A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP
A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP
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Martin Bruhl

Martin Bruhl

Martin J Bruhl FRICS, chair of the RICS Investment Risk Forum and Chief Investment Officer at Union Investment Real Estate