Asian markets continue to outperform Europe with positive investor sentiment, says RICS Global Commercial Property Survey Q4 2012, published last week. The latest results of the survey highlight the broadly positive occupier and investment momentum across Asia, the UAE, North America and Russia along with a declining flow of distressed properties coming onto the market in these areas. In addition, the survey paints an optimistic picture for the next quarter, with majority of Asian markets reporting rising transaction and capital value expectations and expecting investment demand to grow further stronger.
The China market continues to perform well on both the occupier and investment sides. Strong domestic consumption remains a key support for the former although the new supply coming onto the market suggests the positive momentum in rents may moderate over the coming months. Meanwhile, the investment market continues to be underpinned by a firm trend in new enquiries to purchase property. (Press Release)