Globally property investors are displaying a renewed sense of confidence in the real estate market, with the majority of speculators planning on making a purchase within the next 12 months.
A recent survey conducted by US property services firm Colliers International has revealed that many believe that the coming year will bring with it fewer vacancies and increased tenant demand - thus higher rents, Bloomberg reports.
"Investors have considerably more confidence than just six months ago," Jamie Horne, chairman of Colliers Asia, told the news provider. "Many still feel real estate markets are unusually uncertain and will remain that way for some time."
The survey showed that about three-quarters of respondents said economies are unlikely to experience a "double-dip" recession, and 79 per cent expected the availability of debt finance to stay the same or increase in the next year.
Meanwhile, most investors added that rents for offices, stores and warehouses had already rebounded from the bottom
, which would serve to boost the chances for property income growth and higher prices.
- Friday 03 December 2010