The “higher for longer” state of interest rates has disrupted property assumptions that held for many years. We may now be at a watershed moment where property prices must reset, and pre-pandemic purchasers need to make a choice on disposals.

Is this a time to strike, when sellers are increasingly motivated? Or, is it a time for cautiously holding back?

The next two years “will be an interesting timeframe to deploy capital if you have the liquidity,” says Tang Tang, head of capital markets at Cottonwood Group. “Whether real estate markets have hit rock bottom, nobody can really tell. From my perspective, it likely hasn’t.”

There are optimists, and pessimists, perhaps in equal number. Markets are evenly poised. It’s time to be nimble and smart.

“Great Reset” almost achieved?

At PGIM Real Estate, the team believes the “Great Reset” may be nearing an end. Eduard Wehry, the firm’s head of Asia Pacific business