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2014 and beyond: What to expect in the Year of the Wooden Horse
Now that 2013 is behind us, I wanted to revisit some of the important topics (summarised by Geoffrey Dohrmann, president and CEO of Institutional Real Estate, Inc, in a recent IREI blog post) that we discussed at our Editorial Advisory Board meetings and conferences in different countries and on different continents that most likely will have significance in 2014 and beyond for investors based in the Asia Pacific region.
Wall of money
Easy credit and a glut of capital have been with us for a number of years. Central bankers around the world have been printing money in the hope that it will reignite economic and consumer spending. However, while some of the money went where intended, a large part of it, according to the law of unintended consequences, found its way into speculative investments and corporate cash reserves. Add to this rapid capital formation in Asian countries, and you will see a lot of money chasing a
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