Hugh Kelly, Former International Chair, CRE

Real Estate Capital in our Complex Times

Cycles, trends, maturation and changes of state are linear changes that have so far affected the real estate market in the sense that they involve a long predictable path of development. However, the same does not happen when a non-linear form of change occurs in the market such as what we call a disruption.

The renowned Professor and 2014 International Chair of the Counselors of Real Estate, Hugh Kelly suggested that exploring real estate market developments through the behavioral analysis perspective, will cause us to question our certainty about how markets are moving.