Despite a growing number of governments in Asian countries imposing cooling measures on their respective property markets, investors still have an appetite for real estate in the region.
In some cases house prices in Asia have more than doubled over the course of the last two years, Money Control reports.
However, many analysts remain confident that further rises will be seen in some markets, with predictions of between five and ten per cent in several countries by 2012. As a result of this, there seems to be no slowdown in the amount of capital being poured into the sector.
According to CB Richard Ellis (CBRE), during the first three-quarters of the year, direct real estate investment in Asia
totalled USD 46 billion, double the figure for the same period of 2009. In fact, during third quarter alone, investment jumped 53 per cent from the second quarter, a stark contrast to Europe, where investment fell six per cent.
CBRE's executive director Andrew Ness reckons full-year investments will exceed USD 60 billion, up sharply from USD 37.8 billion last year.
- Monday 13 December 2010