China Becomes Top Asia-Pacific Destination For Foreign Property Investments
Shanghai continued to defy expectations, building a reputation for foreign buyers to feel comfortable in the world of property markets. SCMP reported that this was revealed by a CBRE-backed survey of around 348 real estate investors from around the world. In doing so, China had overtaken Australia as the preferred destination of property investors in the Asia-Pacific.
Around 25.8 percent of the 348 global property investors were polled sometime between November and January. These investors said that they were interested in the Chinese property market, with interest increasing to 3.7 percentage points from only a year ago. The office segment remained the most popular property sector to invest in.
China's lead in Australia is measured at around 4.7 percentage points. It was a significant leadership change since Australia was last year's leader. This year, Australia ranked second in the study. China surged even further ahead of fellow Asian power Japan, which was 7.5 percentage points behind of the leader after it had overtaken it narrowly before.
On the other end of the planet, it is the UK that's making noise, According to Daily Business Group UK, the country has made headlines because of the low pound attracting investors both local and foreign. It managed to surpass the US for being the top investment destination in the world this year--something the US has held since 2014.
The data was released by consulting and accounting firm EY following a corporate deal-making. Other countries were also on the list; Germany, China, France, Canada, India, Australia, and Brazil followed, with the United Arab Emirates completing the rest of the list. EY also hailed the selection of the UK grabbing the top position in the list.
EY also said the UK topped the rankings despite all odds, including uncertainty which came from 'Brexit' or its intention to leave the European Union. Mergers and acquisitions have remained strong, despite the UK's 'Brexit' plans, as well as the 2016 referendum. Most of these were notable since they were made during that time period.
Moody's released some semblance of news, saying that the economic growth of China was expected to become stable at 6 percent, following a 6.6 percent rise in 2018. This was more of a standard situation, despite 'fiscal and monetary support' to promote liquidity as well as to maintain a stable funding supply.