Australia tops China as the most attractive market for Asia Pacific investors
Buying intentions among Asia Pacific real estate investors remain largely positive, with about 80 percent of respondents indicating they plan to buy at a similar level or increase their real estate investing from 2015, according CBRE’s Asia Pacific Investor Intentions Survey. However, buying intentions softened for the second consecutive year, mainly due to concerns over slower regional economic growth.
Asset pricing and availability of assets were identified as the two biggest obstacles to acquisitions in Asia Pacific. During the past seven years, asset prices have risen at a faster pace than rental growth. However, around half of respondents said they plan to deploy more than $500 million in 2016, and 63 percent still expect to buy more than they sell in 2016; this percentage fell from the 67 percent in the previous year’s survey.
Real estate funds are expected to be among the strongest net buyers, with 72 percent planning to deplo