Big investors, which include institutions like pension funds, are finding many of their land deals through developers and builders looking to liquidate assets, as well as lenders who were forced to foreclose.
John Eddy of Arup, a big firm of consulting engineers, says town planners, property developers and builders need to start thinking about the effect of self-driving technology on demand for roads, parking, housing and so on.
This made them unattractive partners to infrastructure developers and builders who are able to delegate more decision-making authority to their SPV directors and managers.
Those developers and builders are looking to U.S. buyers instead.
If the authorities have to slam on the brakes, the property market will falter, jeopardising loans to developers and builders.
Taking the Bank of Spain's basic "adverse" scenario and adding an Irish-scale calamity from loans to developers and builders, the banking system's gross losses would be €270 billion, about €60 billion higher than the central bank's figure.
"The character of the town is changing and we're in a very aggressive program now to compete with developers and builders for open space," said Mr. Marconi.
Of particular interest to many architects, developers and builders are "switchable" glazing, a new category of technologically advanced glass and plastic building materials that can be used to control light, glare and heat entering an office or a home.
Harrington began by visiting the biggest markets the company had targeted, in order to check out housing styles and survey local developers and builders.
A rising Pennsylvania Republican, State Representative Kelly Lewis of East Stroudsburg, said he won minority votes in 2000 after coming to the aid of minority homeowners who were losing their homes after developers and builders enticed them into taking out fraudulent loans.
