Brits looking to Far East for property investment
Monday, 6 December 2010 1:17 PM
An increasing number of Brits are considering the Asia Pacific region for their overseas property investments, according to new research.
Recent findings from Aviva Investments suggest that almost 75 per cent of investors expect to buy property overseas within the next three years, with Asia Pacific currently seen as the best opportunity for returns.
Overall, 60 per cent of those surveyed were planning to invest in the region, while just 20 per cent intended to buy in Britain and only ten per cent in Europe.
Ian Hally, chief executive for Asia Pacific real estate at Aviva Investments, said: "Real estate is a key asset class for long-term investors, but questions have been asked recently about whether there is any value left following this year's rally in the UK.
"Asian economies look to be much better placed for recovery than their western counterparts, making real estate investments in the region particularly compelling," he added.
Hally explained that countries in the Asia Pacific region have typically been less reliant on debt over the past decade "at a government, corporate and personal level", strengthening investor demand.
Property services advisor CB Richard Ellis recently revealed that, in the first three quarters of 2010, direct real estate investments in Asian markets topped $46 billion (£30 billion).
This marked an increase of around 100 per cent since the same period last year.
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Tags:
- buying ,
- investment




