The value of all the world’s real estate reached $326.5 trillion in 2020, a 5% increase on 2019 levels and a record high. Growth was driven by residential which is by far the largest real estate sector, accounting for 79% of all global real estate value. It saw its value increase by 8% over the year, to some $258.5 trillion.
The world’s most significant store of wealth, real estate is more valuable than all global equities and debt securities combined, and almost four times that of global GDP. The value of all gold ever mined pales by comparison at $12.1 trillion, at just 4% the value of global property.
This article was originally published in https://www.savills.com/
Download the Report Read MoreTenant enquiries were unchanged but site visits fell following the reintroduction of COVID-19 controls, particularly in Australia, Southeast Asia, and Japan.
Flexible space demand continued on a downward trend, but requirements for traditional office space increased.
Rents improved this month, mainly driven by mainland China, Singapore and India. The period saw stronger pressure to increase incentives, particularly in mainland China and India.
Sentiment in most markets strengthened or remained stable, with mainland China and India among the strongest performers.
This article was originally published in https://www.cbre.com/
Download the Report Read MoreAlthough multifamily has been regarded as an institutional grade asset class in the U.S. and Europe for some time, Asia Pacific’s strong culture of home ownership has resulted in a relatively small investible universe.
Japan has been the lone exception, with the country’s large, liquid, and resilient multifamily market attracting robust interest from both foreign and domestic investors over the past decade.
More recently, factors such as urbanisation, declining housing affordability and regulatory change have piqued investor interest in multifamily in several other Asia Pacific markets, most notably mainland China and Australia.
This Viewpoint explores the growth drivers behind multifamily investment in Asia Pacific; profiles the region’s established and growing multifamily markets; and explains how investors can access this increasingly attractive sector.
This article was originally published in https://www.cbre.com/
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This article was originally published in https://www.colliers.com/
Download the Report Read MoreThe pandemic-induced housing boom continues with prices rising by 9.2% on average across 55 countries and territories in the year to June 2021. Ten of the world’s developed economies averaged price growth of 12% in the 12 months to June, double that seen in key developing markets (4.7%). The rise in Hong Kong home prices is almost the fastest in Asia in the second quarter by about 2% from a quarter ago. On a quarterly basis, the growth exceeded Singapore, Mainland cities, and Korea.
• The index is now rising at its fastest rate since Q1 2005
• A breakdown by developed and developing economies shows a more nuanced picture with developed markets outperforming by some margin
• 18 (33%) of markets tracked saw prices increase by 10% or more in the year to June 2021
• At 16.4%, Australia recorded its highest rate of annual price growth since 2003
• Purchase sentiment in the primary market is strong, the residential price in Hong Kong raised 2.6% YoY
This article was originally published in https://www.knightfrank.com/
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