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Will eco property rejuvenate developed nations?

In history, whenever there has been an economic downturn the market usually has corrected itself through stimulus caused by some sort of event. While this stimulus is rarely government-related, at the same time government initiatives do have the potential to bring the markets back in check.

Right now, the governments of those developed countries are interested in ecologically sensitive property and it could be that increased demand for this type of property might be exactly what those markets need to get back on track.

In the United States, different levels of government have been involved in creating legislation that makes it easier for different cities and counties to become greener areas in terms of both outlook and appearance. A good example of this is Montgomery County in Maryland, where the county council has introduced seven different pieces of legislation that would do a lot towards making property developers interested in the construction of eco property.

In the United Kingdom, arguably the second most affected property market after the US, interest in eco property is starting to pick up as well. In fact, GMI Property Limited has drawn up a plan of construction that would see the world’s first eco town constructed in the Yorkshire area near Eggborough and Kellington.

In addition to 15,000 new houses being constructed with an ecologically friendly blueprint, there would also be a dozen schools as well as city recreational areas for people to attend. All of these buildings will be ecologically friendly in their construction and news as such has already sparked fierce interest amongst nearby residential areas.

These types of projects have already proven they can garner interest amongst the general public and the government, but they need to be able to interest investors as well. If money starts flowing into the development of ecological properties in western property markets, it could be the stimulus needed to halt the approaching recession in its tracks. And that would be good news for property investors around the world.

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