Real estate markets across the Asia Pacific region, hit hard by the COVID-19 outbreak, are poised for a rebound in the second half of 2020 (H2), according to two new reports assessing the impact of the virus from Colliers International.
Assuming the spread of COVID-19 peaks in the first half of 2020, the current slowdown presents property investors a window of opportunity to pick up assets at attractive prices, occupiers the chance to negotiate favorable leases and landlords the opportunity to build lasting relationships with clients, the research shows.
“COVID-19 will hit GDP growth across Asia — but less so Australia — in the first half of 2020, and investment property sales may weaken as a result. Nevertheless, if the outbreak peaks in H1, we foresee a rapid recovery in sentiment in H2, offering investors the chance to buy assets at favorable prices now,” said Andrew Haskins, Colliers’ executive director of research in Asia. “The economic pressures crea
