Real Estate Rises From Crisis

rajani — Fri, 20 Jun 2008 12:39:07 +0000

The story of real estate at the moment is under scrutiny in major markets like the US and the UK but Asian real estate seems to be little affected. There is some sentimental pessimism however, again emanating from major markets about the global outlook or economy and real estate which is dampening investment in Asia.
At a recently concluded Asia-Europe meeting, finance ministers from 43 countries (which together represent 51% of global GDP and 62% of trade) concluded that Asia and Europe have been far more resilient than expected in the wake of global economic crisis. Asia has emerged as the fastest growing region. Similar sentiments have been conveyed in the World Bank’s latest report which highlights that nearly $1 trillion private capital has flown to developing countries. It indicates that Asia is not totally immune.
Slowdowns of economies like the US, UK, Euro-zone countries, and Japan would impact Asia (excluding Japan) through slowdown in international trade. However, strength of domestic demand would be able to offset these negatives to a large extent.

India Real Estate Monitor » International Trade

Real Estate Rises From Crisis