The Business Times / August 19th, 2016
The Business Times reports: Real Capital Analytics (RCA) data reveals there was a net capital outflow of about US$17 billion from Asia into global real estate markets in H1’16 of this year. Asian capital outflows in H1’16 reached US$18 billion.
The UK’s decision to leave the EU will not likely reverse the movement of the capital in the real estate sector according to RCA.
RCA’s senior director of analytics for Asia-Pacific, Petra Blazkova, says that buyers’ expectations and sellers’ requirement are misaligned. Real estate owners are doing well financially and under little pressure to sell while sellers are not able to offer the pricing that the owners are looking for. This is leading Asian investors to look into Europe and the US for more opportunities.
View the full article in The Business Times: Asia Capital Outflows into Global Real Estate Slip in H1’16