Real estate investors are shunning Asia Pacific in anticipation of a North American and European real estate correction, waiting to allocate more capital to those re-priced assets.
This is according to a report from Goodwin, KPMG and IQ-EQ Fund Services, which surveyed senior professionals in the Apac private equity real estate industry.
Apac economies are set to deliver stronger economic growth than their European and US counterparts over the next decade, which typically bodes well for real estate investments in those markets.
However, the report found that despite “very obvious” engines of economic growth in most Apac jurisdictions, global investors are under-allocated to the region.
It is precisely because of the resilience of developed markets in Apac relative to Europe and North America, that real estate professionals are seeing relatively lower levels of…
