People looking to relocate to a suitable Australian property during the difficult economic climate could find some reassurance in comments made by experts.
In a recent interview with the Straits Times, a representative from property services company CB Richard Ellis claimed the industry would remain the most active in the Asia Pacific region for the rest of the year.
The firm suggested that the reasons behind its positive outlook derive from a significant increase in offshore investors seeking assets in a mature market with growth prospects.
In addition, CB Richard Ellis suggested that sales activity could be set to rise in the coming months after listed Australian property trusts announced intentions to sell assets.
This comes after property investments jumped to $2.14 billion (£1.3 billion) in the second quarter of the year, which accounted for 24 per cent of all sales in the Asia Pacific.
Earlier this month, TodayOnline reported that an increase in Asia Pacific home sales could rise in the coming months as a result of the European and US debt problems.
Posted by Ravin Chatlani
In a recent interview with the Straits Times, a representative from property services company CB Richard Ellis claimed the industry would remain the most active in the Asia Pacific region for the rest of the year.
The firm suggested that the reasons behind its positive outlook derive from a significant increase in offshore investors seeking assets in a mature market with growth prospects.
In addition, CB Richard Ellis suggested that sales activity could be set to rise in the coming months after listed Australian property trusts announced intentions to sell assets.
This comes after property investments jumped to $2.14 billion (£1.3 billion) in the second quarter of the year, which accounted for 24 per cent of all sales in the Asia Pacific.
Earlier this month, TodayOnline reported that an increase in Asia Pacific home sales could rise in the coming months as a result of the European and US debt problems.
Posted by Ravin Chatlani
