The Urban Land Institute jointly with PwC produces the annual report of the Emerging Trends in Real Estate in United States, Canada, Asia Pacific and Europe. Further, these reports are generated by in-depth analysis, surveys and interviews with the leading realty professionals across the globe.
Over the years, these reports are considered as the key indicators for property developers to determine the realty growth in their respective countries. In the Emerging Trends in Real Estate 2015 report, the realty insights of the regions across the globe are revealed. The report also highlights the real estate development and relevant investment trends of the future.
Following are the reports of the regions across the globe;
Asia Pacific
Irrespective of the economic downturn during the year 2015, it is expected that the property market will remain robust. This is owing to increasing capital flow into the real estate industry by various investment sources (both international and domestic). As per the Emerging Trends in Real Estate Asia Pacific 2015 report, Japan remains the most preferred country for investment. The capital city Tokyo ranked first and Osaka ranked third in terms of development prospects and investment for the upcoming year.
The report also reveals that the logistic industry in Asia has been playing the major role in booming the commercial real estate sector. The major countries that have been witnessing a great commercial development by the impact of logistics include Japan, Singapore and China.
Apart from commercial, the demand is also high for the residential properties in Asia due to increasing automobile industries and IT developments for the past few years. Further, the Asian countries have been targeted by the IT and commercial bigwigs across the globe to further their development units at the time to come.
United States
According to Emerging Trends in Real Estate 2015, the property market of the US is expected to be strong and perform well throughout 2015. Both the domestic and global investors will show a great interest in buying an asset in the US, as they will get the higher return of capital in the future. The major factor that makes the US stand apart from other regions is its improving fundamentals.
Europe
In the year 2015, it is expected that Europe's real estate industry will be more lucrative and busier in 2015 despite its economic conditions and fundamentals, says the report. The core reason for optimistic expectation is the availability of capital. Also, the interviewees and respondents of Emerging Trends Europe's survey anticipate an increase in both secondary and prime values as a result of greater liquidity.
Africa
Africa has been targeted highly by the developers and investors, as they consider African real estate is one of the key emerging markets. The key factors that drive the property market of Africa include demographic shifts and changes in consumer behavior in the recent times. These reasons have encouraged the global investors to enter various markets in the region.
Stephen Pern is an interior designer by profession and a contributing writer with IndiaProperty.com. She specializes in creating small aesthetic changes in space of any kind
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