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Asia 'On an Upward Trend'

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real estate  USD  Asia  Andrew Ness  CBRE Research 

Asia 'On an Upward Trend'

By - Friday 12 November 2010

The real estate in Asia is forecast to continue on an upwards trend, with analysts remaining optimistic about its chances. 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.

If the sector maintains its current growth, investment in the region is predicted to reach USD 60 billion by the end of the year, the report added. The news comes after Colliers revealed that real estate investment market activity in Asia jumped by 53 per cent in the third quarter of 2010.

However, the property consultant warned that a number of economic indicators could still have a negative impact on growth. It cited risks associated with exchange rates and government tightening measures as the primary concerns.

"Nevertheless, we remain generally optimistic about the market outlook and continue to retain our earlier forecast that real estate investment in the region should reach a total of around USD60 billion for 2010," Andrew Ness, executive director of CBRE Research Asia, confirmed.

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