Property in Asia-Pacific on road to recovery

Property markets across the Asia-Pacific are well on the way to recovery, well ahead of other parts of the world, according to Cushman & Wakefield’s latest quarterly investment report.

The International Monetary Fund project that the economies in China and India will grow by 9% and 6.4% respectively next year, compared to the 1.5% expected growth in the USA and the 0.3% growth estimated for Europe.

“The divergence in fundamental lead growth in Asia vis-à-vis the rest of the world has never presented itself more strongly than it will in 2010," the Cushman report state.
Asia Pacific property markets have already received mass international investment this year, helping to boost real estate values across the region.

Cushman & Wakefield experts predict the total value of property transactions – commercial and residential - in 2010 will top the 2008 tally of £90 billion. In the first three quarters of 2009, Asia has seen around £50 billion worth of property investments across all property types.

The report added: “It is evident to us that Q4 2009 and well into 2010, will continue to present fantastic buy side opportunities. For sellers, this is as good a time as any as macro economic fundamentals improve and reduction in risk perception allows for more favorable debt financing terms making structuring more efficient.”