Real estate investment in Asia Pacific moderated in the third quarter, with investment decisions influenced by a variety of macroeconomic factors. According to JLL’s Asia Pacific Capital Tracker Third Quarter 2022, investment volumes declined by 29 percent year-on-year in the third quarter, reaching $28 billion. This was due to a combination of fewer trades in major markets, rapid currency depreciation against the U.S. dollar, and the rising cost of debt sparked by an aggressive tightening of interest rates in the United States.
“Conditions in global real estate markets have changed throughout the year, and as a result, investors active in Asia Pacific have adopted a more cautious approach to capital deployment in the third quarter. Despite the ongoing macroeconomic challenges, inflationary concerns and the rising cost of debt, investors we are speaking to remain broadly positive on Asia Pacific real estate and maintain medium- to longer-term plans to continue to expand t
