Confidence Grows In Asia And Latin America Real Estate
NuWire Investor reports: Latin American and Asian countries have the most favorable readings when it comes to the outlook for rents with Hong Kong enjoying a particularly big swing in sentiment.
In the second quarter of the year, a net balance of 67% of respondents from Hong Kong expected rents to fall further but in the latest survey, a net balance of 16% of respondents suggest rents are likely to rise over the next three months.
Peru, Columbia and Brazil also reported positive net balances on rental expectations while South Korea, China, Thailand and India were only moderately negative.
Australia, the United Arab Emirates and the UK also saw rental expectations become less negative over the quarter but the weak results from the US and Japan were not far from the lows touched in the second quarter report.
But Europe is not as positive as other parts of the globe. A number of European countries including Ireland, France and Spain have the worst readings on the rental outlook.
The mood amongst real estate investors also appears to have perked up according to the survey with capital values expected to increase in a number of countries including Brazil, Hong Kong, South Korea, China and India.
This more positive mood has also been reflected in activity indicators with the number of investment bidders per property picking up sharply not just in Asia and Latin America but also in a number of European countries.
This is consistent with the latest data from Real Capital Analytics which also shows either a steadying or a modest increase in transaction levels around the globe.
View the full article on NuWire Investor: Confidence Grows In Asia And Latin America Real Estate
Articles related to this topic:
Australian Investors Feel U.S.-Office Pinch
German Firms Scour U.S. for CRE Deals
Woolworth Building Stake May Be Purchased By Italian Investor
Australians Lead Way In Global Retreat
Dubai Trophy-Property Sale Is Well-Timed
Survey Says Top Property Pick in 2010 is Developing Asia
Asia Pacific’s Major Markets’ Strain
Posted by: Mark Alferman