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CBRE report highlights Asia-Pacific investment

A new report has revealed a dramatic increase in Australian property and overall Asia-Pacific investment over the last quarter.

A new report has revealed a dramatic increase in Australian property and overall Asia-Pacific investment over the last quarter.

Figures compiled by CBRE have highlighted transactions totalling in excess of $250 million (AU$238.24 million) during the second three months of 2012, showcasing a significant "rebound" in cross-border investment.

Nick Axford, CBRE Asia Pacific head of research, commented: "The availability of prime assets will remain tight across the region and investors are expected to take longer to reach decisions, given the sizable gap in price expectations between buyers and sellers."

He added that real estate investment now looks likely to remain steady throughout the remainder of 2012.

Last month, CBRE published data highlighting Australia as the third-most popular country for property investment in the Asia-Pacific region - behind only Japan and China - for the first half of the year.

According to the organisation's findings, investments totalling $10.8 billion were made during the six-month period in Australia alone.

Posted by Craig Francis

- investment, Asia, property

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