Real estate market varies in different countries
Real estate market varies in different countries – property-report.com – While many countries have seen a slow market due to inflation 2012 offers change. While the real estate markets in the Americas, Europe and Asia Pacific are mixed, markets in other places around the world have improved.
Property Wire reported that the America’s experienced a slowdown in 2011 due to debt crisis and investors becoming more wary. However, Cushman & Wakefield’s latest Global Economic Pulse report stated that 2012 offers new economic improvement for these areas with healthy leasing fundamentals in the commercial real estate market. Investment sales in the Americas were up 51 per cent in 2011 with a prediction of a 25 per cent increase in the near future.
‘While we have been in the midst of challenging economic times, there is now a growing sense of constrained optimism, and we anticipate the global economy to strengthen during the second half of 2012,’ said Glenn Rufrano, president and chief executive officer of Cushman & Wakefield.
Escalation of sovereign debt and baking crisis were continuing factors in the already negative European economy. Now Europe faces weaker growth but there is a positive outlook with a mild growth in the end of the year in the fall on inflation.
‘The main drivers of growth, that is low interest rates, pent up demand, balance sheet improvement and healthier labour markets, are all still very much in place,’ said Ken McCarthy, senior economist and senior managing director of research for Cushman & Wakefield.
Some European markets are seeing more issues in supply with cost increases while other are stabilizing. According to Property Wire, investors will remain focused on top cities and assets that offer protection and an increase in secondary markets as a result.
Still, the Asia Pacific economy is seeing a positive growth in GDP and is expected to continue throughout the year.
‘While it remains incredibly hard to predict what may happen, the commitment of governments and institutions to resolve the sovereign debt crisis looks increasingly sufficient to keep the Eurozone intact, at least for now,’ said David Hutchings, partner and head of Cushman & Wakefield’s European research group.
Real estate market varies in different countries Sources : http://www.property-report.com/real-estate-market-varies-in-different-countries-20037
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