Commercial real estate located in emerging countries has been found to be outperforming its more established counterparts. And, according to the latest global survey from the Royal Institute of Chartered Surveyors (RICS), this trend is likely to continue.
During the third quarter of this year, RICS explained that many of the upcoming markets around the world that have emerged relatively unscathed by the recent economic troubles are experiencing faster growth than more developed economies.
In particular, the firm stated that China, Hong Kong, Singapore and Brazil are surging forward, with their strong performance in the commercial real estate sector
expected to be carried into the final few months of the year.
"The more heavily indebted countries in Western Europe, Japan and the US face increasing problems with deleveraging and potential new regulation. This is likely to continue to be a drag on their performance for some time to come," said RICS chief economist Simon Rubinsohn.
- Thursday 04 November 2010