The latest Jones Lang LaSalle Investor Sentiment Survey has found that a large number of real estate speculators are confident that capital values will increase in the majority of Mena markets next year. Added to this, the study found that yield expectations in Mena countries had also stabilised during the past six months.
This, the report said, is a reflection of continued concern over risk assessment, financing costs and a potential oversupply in many asset classes across all markets.
According to the report, buyers exceeded sellers in the majority of markets and while market sentiment favours the Asia Pacific region, more transactions are occurring in Western Europe.
Andrew Charlesworth, head of capital markets at Jones Lang LaSalle Mena, commented, "Sentiment is stabilising and marginally improving, as investor confidence returns on the back of the region's economic recovery." He continued stating that market regulation and legislation remain the two most important factors influencing investment decisions. In particular, in organisations addressing a variety of risk management and corporate governance issues.
- Thursday 07 October 2010