Forging ahead: Asian institutional property markets look beyond Brexit
From the lows that followed the global financial crisis of 2008, Asian institutional property in general has made the long climb back, with many markets now near or at record values.
But with Brexit — the United Kingdom’s vote to leave the European Union — and perhaps US presidential politics, there is gathering unease in Asian property circles that international commerce could be trimmed in coming years — the same global trade that has benefitted the Pacific Rim for decades.
Underlining investor concerns are the uncertainties surrounding major central banks, including the regional giants, the Bank of Japan and the People’s Bank of China, which have engaged in controversial stimulus programmes but which are both operating in economies that are below inflation targets. Recent territorial posturing in the South China Sea between mainland China and Pacific neighbours has added to the disquiet.
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