The Asia Pacific region
has emerged as a favoured destination for future real estate investment, according to the results of one survey. Conducted by Aviva Investors, the study found that three-quarters of those questioned were looking to add to their portfolios in the coming three years.
Of those, the hedge fund manager found that 60 per cent were looking to boost their real estate holdings in the Asia Pacific region, compared to just 20 per cent who are looking at the UK market.
Even fewer - 11 per cent - are interested in adding American property
to their overseas investment portfolios, Aviva said.
The appeal of the Asia Pacific region comes from its strong GDP growth patterns and the outlook for further modernisation and urbanisation in major cities. In addition, it boasts a low supply of investable properties, which will ensure prices remain elevated.
According to the CB Richard Ellis (CBRE) Asia Investment MarketView report for the third quarter of 2010, there has been a significant upturn in activity in the region.
- Friday 26 November 2010