An increasing number of international investors are looking towards Asian property markets for returns.
In particular, Japan is proving to be a favoured destination, with over USD 2 billion in deals already agreed this year.
Real estate portfolio investors from all around the world are increasingly looking to buy property in the country, with apartments proving to be the most popular purchase.
"Hotels, Tokyo offices, Tokyo residential, I would say, will be the three specific sectors and opportunities that are being most sought after by international investors," said Alistair Meadows, Asia Pacific director at Jones Lang LaSalle.
Distressed or marked down properties
in Japan are also emerging as potential purchase targets of foreign buyers.
The news comes in the wake of Global Property Guide's latest survey of house prices which found Asian property to be performing strongly.
Japan enjoyed a 4.10 per cent house price increase year-on-year to end the second quarter of 2010, the report found.
- Wednesday 15 September 2010