Arik Kislin sites Asia as an increasingly popular choice for real estate investment

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) October 9, 2010 -- The Asian real estate investment market showed signs of continuing to make steady improvement in the first half of 2010 with direct real estate investment in the region rising 136% year-on-year to an estimated US$30 billion. The Asia Pacific region is leading the global property market recovery while a slower rate of recovery is predicted for Europe and US markets in face of testing economic conditions, according to a new forecast. An increase in the number of millionaires in Asia Pacific could be fueling the recovery.

Local officials have been monitoring the situation closely and seem poised to prevent a bubble from developing. In China, measures taken by the authorities have helped engineer a slowdown in the local real estate and credit markets, even though a precipitous decline in property prices may increase risks to the local banking system. These measures, which include increasing minimum down-payments for larger homes, discouraging lending to third home buyers, and a reduction in maximum loan to value ratios, look likely to help keep the Chinese real estate market from overheating.

Disparities in the performance of global residential markets remain apparent in the post-recession era. The star performers are in the Asia Pacific region while recovery in Europe and North America is more labored with transaction volumes remaining well below pre-recession levels. A number of Asian markets have made up most of the ground lost between 2008 and 2009 and in China and Singapore there is still talk of another bubble looming.

The high level of outstanding corporate and government debt remains a cause for concern and continues to be viewed within the region as a potential downside risk although overall the Asian real estate investment market remains generally buoyant but is expanding at a slower pace than originally forecast.

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