Institutions find new home for capital in the Far East
Institutions find new home for capital in the Far East
- 2007
- Global Property June 2007, 22-23(2) .
Reports that rapid economic development in the Far East has created a growing urban middle class. Western investors are keen to meet their demand for high quality housing. Asian attitudes toward home ownership are radically different to those in the West. Home ownership is astonishingly low outside of China. As a result the luxury rental market is booming. China is also emerging as an attractive property market, however the government has introduced some austerity measures to curb this. Beijing?s regulation system is causing confusion.
Asia
Reports that rapid economic development in the Far East has created a growing urban middle class. Western investors are keen to meet their demand for high quality housing. Asian attitudes toward home ownership are radically different to those in the West. Home ownership is astonishingly low outside of China. As a result the luxury rental market is booming. China is also emerging as an attractive property market, however the government has introduced some austerity measures to curb this. Beijing?s regulation system is causing confusion.
Asia